Micron Technology(US:MU) Youtube·2025-10-13 20:00Core Viewpoint - Micron's shares have risen significantly following a double upgrade from BNP Perry Boss, which increased the price target from $100 to $270, indicating a strong belief in the company's potential within the high bandwidth memory market and the onset of a memory super cycle [1][2]. Company Performance - Micron has experienced a substantial increase in stock price, having more than tripled since March, with a recent price of approximately $192 after a 6% jump [3][4]. - The company has reported a revenue forecast that exceeded expectations, contributing to a year-to-date increase of 128% in its stock price [5]. Market Sentiment - The upgrade from BNP Perry Boss reflects a shift in sentiment, aligning with broader market consensus regarding the growth potential in AI and memory bandwidth chip manufacturing, where Micron is considered a leading player [3][5]. - Despite the recent surge in stock price, there are concerns about the sustainability of this growth, as the market is not entirely untapped [3]. Options Activity - On the day of the upgrade, options trading saw a healthy volume of 161,000 contracts, with calls outpacing puts by a factor of two, indicating strong demand for upward movement in Micron's stock [6][8]. - The most active options were centered around the 200 strike call, which has a 60% chance of being touched this week, reflecting significant interest in this price point [11][12]. Volatility and Price Range - The expected price range for Micron's stock over the next four trading days is approximately $11 to $12, suggesting a potential fluctuation between $180 and $205 [10].