Micron Technology, Inc. (NASDAQ:MU) is one of the 10 Best Semiconductor Stocks to Buy According to Reddit. Deutsche Bank initiated coverage of the company’s stock with a “Buy” rating and a price objective of $150. The analysts remain optimistic on the cyclical and secular backdrop for Micron Technology, Inc. (NASDAQ:MU), driven mainly by increased demand for High Bandwidth Memory (HBM). Deutsche Bank opines that HBM remains an underrated driver of Gen/Gen AI processor performance improvements and expects that growth in HBM bits and ASPs can fuel DRAM revenue growth as well as profitability above historical levels.
A close-up view of a computer motherboard with integrated semiconductor chips.
On the traditional DRAM side, the bank’s analysts expect continued strength aided by increased content per device and improvement in supply-demand dynamics. Micron Technology, Inc. delivered record revenue in Q3 2025, thanks to the all-time-high DRAM revenue, including ~50% sequential growth in HBM revenue. Furthermore, the data center revenue more than doubled YoY in Q3 2025 and touched a quarterly record. Moving forward, Micron Technology, Inc. expects to deliver revenue (GAAP) of $10.7 billion (± $300 million), and gross margin of 41.0% (± 1.0%) in Q4 2025.
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This article is originally published at Insider Monkey.
