Micron's Stock Price Rally Is Not Over: MU $190 Is Coming Soon

Core Viewpoint - Micron Technology's stock price rally is fundamentally driven by AI and its impact on revenue, with a potential target of $190 based on historical trading ranges and current market trends [1][2][3] Financial Performance - Micron reported $11.32 billion in net revenue for Q4, a 46% increase year-over-year, outperforming consensus by 140 basis points [8][9] - The company achieved a 24.3% increase in year-over-year operating cash flow, with adjusted net income of $3.47 billion and adjusted earnings per share of $3.03, reflecting over 100% growth compared to the prior year [10][11] Analyst Ratings and Forecasts - The consensus price target for Micron is $184.77, indicating a 14.26% upside, with 80% of analysts rating the stock as a Buy [6][10] - Analysts expect earnings to reach $3.60 at the low end of the range, compared to a consensus of $3.04, suggesting potential upward revisions in estimates [12] Market Position and Institutional Support - Micron has seen significant upgrades and price target increases leading into the Q4 release, with institutions buying the stock at a nearly 2 to 1 ratio in the first three quarters of 2025 [7] - The company’s balance sheet shows strength, with total assets increasing by over $13 billion and a 20% increase in shareholder equity [13][14]