Micron Technology Surges 143% in 2025 Stock Performance

Written by Emily J. Thompson, Senior Investment Analyst

MU+0.57%

HOOD-0.99%

NEM-6.67%

Source: Fool

Updated: 1h ago

0mins

Source: Fool

Significant Revenue Growth: Micron Technology is projected to achieve $37.4 billion in revenue for 2025, reflecting a 49% year-over-year increase and gross margins exceeding 40%, indicating strong market demand and profitability, particularly in data centers and AI sectors.
High Bandwidth Memory Demand: The company's high bandwidth memory (HBM) revenue reached $2 billion in Q4 2025, with an annual run rate of $8 billion, underscoring its critical role in AI infrastructure and further solidifying its market leadership.
Optimistic Market Outlook: CEO Sanjay Mehrotra noted that all HBM capacity for 2024 and 2025 is sold out, with most of 2026 already committed, indicating sustained demand in the coming years that could drive stock price increases.
Clear Competitive Advantage: As the only U.S. supplier of high bandwidth memory, Micron holds a unique position in the current trade environment, expected to maintain pricing power and competitiveness in future markets.

$286.4+Infinity%1D

Analyst Views on MU

Wall Street analysts forecast MU stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MU is 228.21 USD with a low forecast of 170.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

29 Analyst Rating

26 Buy

3 Hold

0 Sell

Strong Buy

Current: 284.790

Low

170.00

Averages

228.21

High

325.00

Current: 284.790

Low

170.00

Averages

228.21

High

325.00

Morgan Stanley

Overweight

maintain

$338 -> $350

2025-12-18

Reason

Morgan Stanley

Price Target

$338 -> $350

2025-12-18

maintain

Overweight

Reason

Morgan Stanley raised the firm's price target on Micron to $350 from $338 and keeps an Overweight rating on the shares. The firm, which notes that Micron guided to $8.19 of EPS versus consensus at $4.78, had expected upside to its estimate, which was 10% above consensus, but adds "clearly we underestimated" as very strong DDR5 pricing has less of an HBM offset than the firm might have expected. "As long as the AI music plays, we believe this is going to keep happening," the analyst tells investors.

UBS

Buy

maintain

$295 -> $300

2025-12-18

Reason

UBS

Price Target

$295 -> $300

2025-12-18

maintain

Buy

Reason

UBS raised the firm's price target on Micron to $300 from $295 and keeps a Buy rating on the shares. Micron delivered results and guidance well above even bullish expectations, with management signaling continued gross margin expansion through 2026 and supporting upside to earnings estimates approaching $40 per share, the analyst tells investors in a research note. Despite peak-cycle concerns, memory's strategic importance in an AI-driven world suggests a more durable cycle than past consumer-led upswings, UBS says.

Rosenblatt

Buy

maintain

$300 -> $500

2025-12-18

Reason

Rosenblatt

Price Target

$300 -> $500

2025-12-18

maintain

Buy

Reason

Rosenblatt raised the firm's price target on Micron to $500 from $300 and keeps a Buy rating on the shares. The company reported November quarter results and February quarter guidance well above consensus, the analyst tells investors in a research note. The firm says newly negotiated DRAM and NAND flash prices, combined with continued cost declines, led to Micron guiding its February quarter gross margin to a record high of 68% as demand is expected to outstrip supply into 2027.

Goldman Sachs

James Schneider

Neutral

maintain

$205 -> $235

2025-12-18

Reason

Goldman Sachs

James Schneider

Price Target

$205 -> $235

2025-12-18

maintain

Neutral

Reason

Goldman Sachs analyst James Schneider raised the firm's price target on Micron to $235 from $205 and keeps a Neutral rating on the shares. The stock should to rise after a strong quarter and guidance that significantly exceeded Street expectations, even with high investor anticipation, the analyst says in a research note. Rising contract prices across HBM, DRAM, and NAND-driven by tight supply and robust demand, along with constrained cleanroom capacity limiting 2026 bit growth to about 20% and continued HBM roadmap execution, support a constructive outlook for Micron, Goldman says.

About MU

Micron Technology, Inc. provides memory and storage solutions. The Company delivers a portfolio of high-performance dynamic random-access memory (DRAM), NAND, and NOR memory and storage products through its Micron and Crucial brands. The Company's products enable advancing in artificial intelligence (AI) and compute-intensive applications. Its segments include Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). CNBU segment includes memory products and solutions sold into the data center, PC, graphics, and networking markets. MBU segment includes memory and storage products sold into the smartphone and other mobile-device markets. EBU segment includes memory and storage products and solutions sold into the intelligent edge through the automotive, industrial, and consumer embedded markets. SBU segment includes SSDs and component-level storage solutions sold into the data center, PC, and consumer markets.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.