Micron (MU): The AI Memory Stock Analysts Say Could Rally Further

Micron Technology, Inc. (NASDAQ:MU) is a Must-Watch AI Stocks on Wall Street. On October 27, Citi analyst Christopher Danely raised the firm’s price target on the stock to $275 from $240 and kept a “Buy” rating on the shares. According to the firm, there is a rising AI demand for the stock.

In particular, Citi believes that DRAM pricing will be up 25% Q4 relative to Q3. This is the highest quarter-over-quarter increase since the 1990s.

In an investor note, the analysts elaborated that artificial intelligence demand and limited supply have caused DRAM spot prices to rise almost 50% in the last two weeks. This higher pricing is driving Micron’s earnings up 20% quarter-over-quarter.

“We raise our already above-Consensus estimates and price target from $240.00 to $275.00 and maintain our Buy rating on MU.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.

While we acknowledge the potential of MU. 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.

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