Should You Buy Micron Before December 17? These Analysts Think So.

Core Viewpoint - Micron Technology has experienced significant stock price appreciation in 2025, driven by increased demand for memory products, particularly HBM and server DRAM, due to investments in AI and cloud infrastructure [1][2]. Company Overview - Micron Technology is a leading semiconductor company that designs, develops, manufactures, and sells memory and storage products globally, including DRAM, NAND flash memory, HBM, and SSDs. The company is headquartered in Boise, Idaho, and has a market capitalization of approximately $296.4 billion [3]. Stock Performance - The stock has risen 206.43% year-to-date (YTD) and 152.7% over the past 52 weeks, trading close to its 52-week peak of $264.75 [2]. - Despite the surge, Micron's stock is trading at a discount compared to industry peers, with a forward earnings ratio of 15.07 [6]. Financial Performance - In Q4 of fiscal 2025, Micron reported revenue of about $11.3 billion, a 46.1% increase year-over-year, and non-GAAP earnings of $3.5 billion, or $3.03 per share, significantly higher than the previous year's $1.18 per share [7]. - For the full fiscal 2025, revenue reached $37.4 billion, up 48.9% from $25.1 billion in fiscal 2024, with a non-GAAP net income of $9.5 billion, or $8.29 per share, compared to $1.5 billion and $1.30 per share the prior year [8]. Future Guidance - Micron expects Q1 fiscal 2026 revenue of $12.5 billion ± $300 million and non-GAAP EPS of $3.75 ± $0.15. Deutsche Bank has raised its fiscal 2026 EPS forecast by nearly 26% to $20.63 and revenue projection by about 12% to $59.7 billion [9]. Analyst Ratings - Deutsche Bank reiterated a "Buy" rating and raised its price target to $280, while HSBC initiated coverage with a "Buy" rating and a price target of $330, indicating strong growth potential [4][11]. - Overall, Micron has a consensus "Strong Buy" rating, with 28 out of 37 analysts recommending a "Strong Buy" [13].