This Analyst Is Pounding the Table on Micron Stock. Should You Buy Shares Here?

Core Viewpoint - Micron's stock has more than doubled in the past five months, and a senior Citi analyst believes it can continue to rise through the end of 2025, with a price target increase to $175, indicating a potential 15% upside from current levels [1]. Group 1: Stock Performance - Micron's stock has gained 150% compared to its year-to-date low in early April [2]. - The stock currently offers a small dividend yield of 0.30%, making it attractive for income-focused investors [4]. Group 2: Earnings Expectations - Micron is set to report its Q4 earnings on September 23, with consensus earnings expected to be $2.67 per share, reflecting a 170% increase year-over-year [3]. - The analyst anticipates that Micron will report in-line results but provide guidance above consensus due to increased sales and pricing in DRAM and NAND [3]. Group 3: Market Demand and AI Influence - Demand for Micron's products is expected to outpace supply through the end of next year, which will help expand margins and sustain pricing power [3]. - The artificial intelligence boom is driving demand for Micron's high-density NAND and mobile DRAM memory chips, crucial for inference workloads, with significant capital expenditure increases in the AI sector [5]. - Other Wall Street analysts are also bullish on Micron, with a consensus rating of "Strong Buy" and price targets reaching as high as $200, suggesting over 30% upside potential [8].