Before markets gear up for another major earnings cycle, all eyes are turning to Micron Technology (MU). With its next quarterly results scheduled for Wednesday, Dec. 17, after the market close, investors and analysts are debating whether now could be a strategic entry point. Several top Wall Street firms have turned bullish on Micron, citing surging demand for memory chips driven by the AI boom, tightening supply dynamics, and renewed pricing power in DRAM and HBM.
Deutsche Bank reiterated its “Buy” rating and raised its price target to $280, citing tightening supply, recent price increases, and stronger-than-expected industry dynamics. HSBC also joined the bullish camp, initiating coverage with a “Buy.” Micron Technology designs, develops, manufactures, and sells memory and storage products globally, including DRAM, NAND flash memory, HBM, SSDs, and other memory modules. Micron’s market cap stands around $296.4 billion, putting it among the largest players in the global semiconductor industry. MU has posted an extraordinary run in 2025, up 206.43% YTD, making it one of the top-performing tech names. The stock has seen a meteoric rise this year largely driven by a boom in demand for memory products, especially HBM and server DRAM, fueled by investment in AI, cloud infrastructure, and data center expansion. Tight supply conditions in the global memory-chip market, combined with rising DRAM and HBM prices, have boosted revenue and profit expectations for Micron. Despite the surge, the stock seems to be trading at a discount compared to industry peers at 15.07 times forward earnings. Micron Technology delivered strong quarterly and full-year results, with revenue of about $11.3 billion in Q4 of fiscal 2025, up 46.1% YOY. Full-year revenue reached $37.4 billion, up 48.9% YOY. Micron provided guidance for the fiscal Q1 of 2026, expecting revenue of $12.5 billion ± $300 million, and non-GAAP EPS of $3.75 ± $0.15. Deutsche Bank raised its full-year fiscal 2026 outlook for Micron, boosting EPS forecast to $20.63 from $16.41, and revenue projection to $59.7 billion from $53.2 billion. For Q1, analysts expect EPS to grow 121% YOY to $3.58, with a consensus EPS estimate of $16.75 for fiscal 2026 and $21.33 for fiscal 2027. HSBC has initiated coverage on Micron with a “Buy” rating and $330 price target, projecting strong earnings momentum and a 125% CAGR in operating profit from fiscal 2025 to 2027. UBS reaffirmed its “Buy” rating and $275 price target on Micron, believing comments about tightening supply signal a strong quarter. Wall Street is bullish on MU, with a consensus “Strong Buy” rating and a Street-high target price of $362, suggesting a potential 40.4% rally.
Read more at Yahoo Finance: Should You Buy Micron Before December 17? These Analysts Think So.