Deutsche Bank Initiates Coverage of Micron Technology (MU) stock with Buy Rating

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.

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. (NASDAQ:MU) 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. (NASDAQ:MU) 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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Disclosure: None. This article is originally published at Insider Monkey.