Citi raises price target for Micron stock to $150 after strong Q3 earnings beat

Micron Technology (MU) impresses with solid fiscal Q3 results, leading to Citi analyst raising price target to $150 from $130, indicating 23.2% upside potential. Core business growth driven by improved pricing, higher shipments, and exposure to AI. Q3 fiscal 2025 earnings show total revenue up 36.6%, adjusted net income up 208%.

Investing in long-term innovation, Micron announces multibillion-dollar projects for U.S. manufacturing, supported by government incentives. Strong balance sheet with nearly $12.2 billion in cash, $1.95 billion in adjusted free cash flow. Q4 revenue expected at $10.7 billion, with analysts projecting strong sales and earnings growth in fiscal 2025 and 2026.

Many analysts bullish on MU stock post-Q3 report, including Barclays, KeyBanc, and DBS, raising price targets and citing strong demand. Wall Street consensus rates Micron stock as “Strong Buy,” with an average target price of $150.72, indicating 23% upside potential. Street-high estimate of $200 implies 64% growth in the next 12 months.

Read more at Yahoo Finance: Why Citi Thinks Micron Stock Is Headed to $150 After Earnings Beat