Core Viewpoint - Micron Technology (MU.US) is gaining market attention as it prepares to release its Q4 FY2025 earnings report, with investment firm Stifel raising its target price for the company [1][2]. Group 1: Analyst Ratings and Price Target - Stifel analyst Brian Chin maintains a "Buy" rating on Micron and raises the target price from $145 to $173, citing strong demand growth for enterprise solid-state drives (eSSD) from hyperscaler customers as a key catalyst for improving fundamentals [2]. - The analyst expects a significant acceleration in NAND flash bit shipment growth in CY26, which is anticipated to exceed market expectations [2]. Group 2: Financial Performance Expectations - Micron's Q4 FY2025 earnings per share (EPS) is projected to be $2.86, with revenue expected to reach $11.15 billion [2]. - The company is expected to see continued gross margin expansion in the short term, supported by a significant reduction in chip inventory and product structure optimization [2]. Group 3: Capital Expenditure and Revenue Growth - Micron is likely to guide for an increase in capital expenditures (capex) for FY26, although the growth rate will be lower than revenue growth, indicating a decrease in the capex/revenue ratio [2]. - This capital expenditure planning is primarily based on investments in new fabs rather than accelerating new capacity supply [2].