Micron Technology, Inc. (NASDAQ:MU) receives an Outperform rating with a $160.00 price target from Wolfe Research analyst Chris Caso after pre-announcing better-than-expected fiscal Q4 results. Revenue is up $500 million, gross margins improve by 250 basis points, and EPS guidance rises to $2.85 on strong demand for data center and AI products.

The positive preannouncement and pricing commentary indicate Micron’s performance is on track. Revenue guidance for F4Q25 is $500 million above expectations, with gross margins improving by 250 basis points and EPS guidance increasing to $2.85. Micron cites better pricing in DRAM products and strong execution for the improvements.

Micron Technology, Inc. (NASDAQ:MU) is a global developer and seller of memory and storage products for various industries. While MU shows investment potential, other AI stocks may offer greater upside and less risk. For insights on an undervalued AI stock poised to benefit from current trends, check out the free report on the best short-term AI stock.

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Read more at Yahoo Finance: Wolfe Research Reaffirms Outperform on Micron (MU) After Upbeat Preannouncement