KGI Securities Downgrades Micron Technology (MU) to Neutral from Outperform Rating

Micron Technology Inc. (NASDAQ:MU) is one of the best performing semiconductor stocks to buy now. On July 23, KGI Securities downgraded Micron Technology from an Outperform to a Neutral rating and set a new price target of $95 for the stock. This revised stance showed an updated perspective on the company’s market position and prospects.

DRAM revenue specifically reached $7.1 billion in FQ3 2025, which was up 51% year-over-year and accounted for 76% of total revenue. NAND revenue was $2.2 billion, up 4% year-over-year, representing 23% of total revenue. In FQ3, the company made a total revenue of $9.3 billion.

Micron ended the quarter with $12.2 billion in cash and investments and $15.5 billion in debt, with a weighted average debt maturity of 2032. In Q3, data center revenue more than doubled year-over-year and reached a new record, while Micron became the number two brand in data center SSDs by market share for the first time in calendar Q1.

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products internationally.

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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