Micron shares have doubled in the past five months, but Citi analyst Christopher Danely believes they can rise further to $175, indicating a 15% potential increase. Micron stock is up 150% from its year-to-date low. The company is set to report Q4 earnings on Sept. 23, with expectations of $2.67 per share, up 170% from last year.

Danely predicts Micron will meet expectations but exceed them due to high DRAM and NAND sales and pricing. Demand is expected to surpass supply through next year, boosting margins and pricing. Micron pays a small dividend yield of 0.30%, appealing to income-focused investors. Citigroup recommends owning Micron shares due to the AI boom moving to inference.

Micron specializes in high-density NAND and mobile DRAM memory chips crucial for inference workloads. The AI sector’s demand has surged, potentially unlocking further upside in MU shares. Larry Ellison of Oracle also views inference as the next frontier for enterprise AI. Other analysts are bullish on Micron stock with a consensus rating of “Strong Buy” and price targets up to $200.

Read more at Yahoo Finance: This Analyst Is Pounding the Table on Micron Stock. Should You Buy Shares Here?