Core Viewpoint - Citigroup expects Micron Technology (MU.US) to provide better-than-expected guidance for Q4 FY2025 earnings, driven by growth in DRAM and NAND product sales and price increases [1] Group 1: Earnings Guidance and Projections - Citigroup maintains a "Buy" rating on Micron Technology and raises the target price from $140 to $175 [1] - The revenue forecast for FY2026 is increased from $54.5 billion to $56 billion, with EPS expectations raised from $14.62 to $15.02, exceeding market expectations by 26% [1] - For Q1 FY2026, Citigroup projects revenue of $13 billion and EPS of $3.23 [1] Group 2: Market Demand and Trends - The storage market is recovering due to limited capacity and unexpected demand, particularly from the data center end market, which accounts for 55% of Micron's revenue [1] - There is a significant increase in demand from the AI sector, with capital expenditures for C25 chip packaging rising by $18 billion during the earnings season [1] Group 3: Stock Performance - As of Thursday's market close, Micron Technology shares rose by 7.55% to $150.57, with a year-to-date increase of 79% [2]