Highlights
• Citigroup increases Micron’s price target from USD 240 to USD 275.
• Consensus rating remains “Buy” with average target of USD 201.89.
• Q4 revenue up 46.1% year-on-year, supported by higher demand in memory chips.

Citigroup raised its target price on Micron Technology, Inc. (NASDAQ:MU) from USD 240 to USD 275 in a report issued Monday, according to Benzinga. The brokerage maintained a “Buy” rating. 

Broader Analyst Coverage

Several other research firms have updated their views on Micron in recent weeks:

  • Itau BBA Securities initiated coverage on October 7th, assigning an “Outperform” rating with a USD 249 target.
  • Wall Street Zen upgraded the stock from “Buy” to “Strong Buy” on October 12th.
  • Wells Fargo & Company lifted its price objective from USD 170 to USD 220 and rated the stock “Overweight.”
  • Bank of America increased its target from USD 140 to USD 180 while maintaining a “Neutral” stance.
  • Barclays raised its target from USD 195 to USD 240 and also gave an “Overweight” rating.

According to MarketBeat data, five analysts assign a Strong Buy, twenty-five rate it Buy, and five maintain a Hold rating. The consensus target price now stands at USD 201.89, with an overall “Buy” consensus.

Financial Performance

Micron Technology reported its latest quarterly results on September 23rd.

  • Earnings per share (EPS): USD 2.86, in line with analyst estimates.
  • Quarterly revenue: USD 11.32 billion, surpassing consensus of USD 11.05 billion.
  • Year-over-year revenue growth: 46.1%.
  • Return on equity: 17.21%; Net margin: 22.84%.

The company expects Q1 FY2026 EPS in the range of USD 3.60–3.90. Analysts project a full-year EPS of about 6.08.

Company Overview

Micron Technology designs and manufactures memory and storage products used across computing, mobile, embedded, and storage markets. Its portfolio includes dynamic random-access memory (DRAM) and non-volatile storage devices marketed under the Micron and Crucial brands.