Why Micron Stock Popped Today

Group 1 - Citigroup analyst Christopher Danely raised Micron's price target to $175 per share and reiterated a "buy" rating, leading to an 8.9% increase in Micron's stock price [1][3][7] - Analysts expect Micron to report earnings of $2.85 per share for fiscal Q4 2025, with Danely optimistic about strong guidance from management [3][4] - The demand for DRAM and NAND memory chips is expected to rise, particularly driven by the data center market and artificial intelligence applications, with predictions that 34% of NAND memory chips will be used for AI by 2029 [4][5] Group 2 - Despite the positive outlook, concerns exist regarding Micron's current valuation, as it trades at over 15 times projected earnings for 2029 and 82 times free cash flow [5][6] - The Motley Fool Stock Advisor team has identified 10 stocks they believe are better investment opportunities than Micron Technology [7][8]