Citigroup analyst Christopher Danely upgrades Micron stock, raising price target to $175 per share. Investors respond with an 8.9% jump in stock value. Most analysts predict earnings of $2.85 per share for fiscal Q4. Strong guidance expected due to high demand for DRAM and NAND memory chips.

Danely forecasts 34% of NAND chips used for AI by 2029, adding $29 billion in sales. Despite optimism, concerns exist over Micron stock’s high valuation. Stock trading at 15x estimated earnings for 2029. Free cash flow remains low, with stock costing 82x FCF.

Motley Fool Stock Advisor team excludes Micron from top 10 stocks to buy now. Past recommendations for Netflix and Nvidia resulted in significant returns. Stock Advisor boasts 1,066% average return compared to S&P 500’s 186%. Don’t miss out on latest top picks by joining Stock Advisor.

*Stock Advisor returns as of September 8, 2025.
Sources: The Motley Fool, Yahoo Finance.

Read more at Yahoo Finance: Why Micron Stock Popped Today