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Micron Technology, Inc. (NASDAQ:MU) is included among the 15 Best Stocks to Buy for Medium Term.
On November 10, Citi reiterated a Buy rating on Micron Technology, Inc. (NASDAQ:MU) and kept its $275 price target in place, as reported by The Fly.
The stock has climbed nearly 159% since the beginning of 2025 as the surge in generative artificial intelligence (AI) continues to drive demand for high-capacity data storage. That momentum has brought a wave of analyst upgrades and prompted the company to lift its outlook. Micron Technology, Inc. (NASDAQ:MU) is known for its high-bandwidth memory (HBM) and advanced DRAM, which supports fast access to data within computing systems.
Micron Technology, Inc. (NASDAQ:MU) business was once viewed as highly cyclical, with growth that rose and fell alongside shifting demand for memory. The rise of generative AI, however, is setting the stage for an unusually long stretch of revenue expansion, prompting investors to reassess the company’s valuation.
In fiscal 2025, Micron Technology, Inc. (NASDAQ:MU) reported sales of $37.5 billion, up 50% from the prior year and marking a new record. Gross margin improved by 17 points to 41%. Operating cash flow reached $17.53 billion, compared with $8.51 billion a year earlier.
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: 15 Best Long Term Stocks to Buy According to Reddit and 13 Best Canadian Dividend Stocks to Buy and Hold for the Long Term.
Disclosure: None.
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