Stifel Raises Micron (MU) Price Target, Keeps Buy Rating

Micron Technology, Inc. (NASDAQ:MU) is one of the 14 Best Aggressive Growth Stocks to Buy According to Analysts. On June 26, Stifel increased its price target for Micron Technology, Inc. (NASDAQ:MU) from $130 to $145 and kept a Buy rating. This decision came after the company reported better-than-expected results for its third quarter of fiscal 2025 and outlook for the fourth quarter.

The company reported a revenue of $9.3 billion for the third quarter and beat both Stifel’s and consensus estimates. Stifel noted that strong sales were partly supported by some pull-ins. However, Micron Technology, Inc.’s (NASDAQ:MU) management sees this impact as small.

In the third quarter, data center revenue more than doubled to reach a quarterly record. The company’s management highlighted stronger demand from data centers in its outlook, which is expected to drive a more favorable product mix.

Stifel noted that Micron Technology, Inc. (NASDAQ:MU) will benefit from the DDR4 memory products. However, this impact will be limited because DDR4 makes up only a small part of the company’s revenue.

The firm increased its estimates because it expects the prices to keep rising through September and the product mix to act as a tailwind until the end of the year.

Micron Technology, Inc. (NASDAQ:MU) is an American semiconductor manufacturing company that designs, develops, manufactures, and sells memory and storage products.

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Disclosure: None. This article is originally published at Insider Monkey.