Micron (MU) Stock: Analysts Raise Price Targets to $300 Ahead of Earnings Wednesday

TLDR

• Micron Technology reports fiscal Q1 earnings after market close on December 17, 2025
• Wall Street expects revenue of $12.9 billion and earnings per share of $3.96 for the November quarter
• Multiple top analysts raised price targets to $300, with current estimates for Q2 at $14.3 billion revenue and $4.78 EPS
• Micron shares have climbed 175% this year, crushing the Nasdaq’s 19% gain
• Strong demand for high-bandwidth memory chips used in AI servers drives optimistic outlook

Micron Technology reports its fiscal first-quarter earnings after the market close on December 17, 2025. Wall Street is watching closely as several top analysts have raised their price targets ahead of the results.

Micron Technology, Inc., MU

Analysts expect Micron to post November-quarter revenue of $12.9 billion with adjusted earnings per share of $3.96. That represents 48% year-over-year growth compared to the same quarter last year when the company earned $1.79 per share.

The chip maker specializes in dynamic random-access memory used in computers and servers, plus flash memory found in smartphones and solid-state drives. More recently, Micron has become a key supplier of high-bandwidth memory for artificial intelligence servers.

Analysts See Strong Upside Potential

On Tuesday, Needham analyst N. Quinn Bolton raised his price target for Micron stock to $300 from $200. He maintained his Buy rating on the shares.

Bolton pointed to robust demand conditions in the data center market. He expects rising spot market pricing for memory chips to push contract prices higher over the next several quarters.

Wedbush analyst Matt Bryson also lifted his target to $300 from $220. Bryson ranks as the 26th best analyst among more than 10,000 tracked by TipRanks, with a 76% success rate and 65% average return per rating.

Stifel’s Brian Chin joined the chorus, raising his target from $195 to $300. Chin expects Micron to beat earnings estimates and provide an upbeat outlook for the current quarter.

Kevin Cassidy at Rosenblatt Securities reaffirmed his Buy rating with a $300 price target as well. The consensus among these analysts suggests confidence in Micron’s near-term performance.

Looking Ahead to Second Quarter

For the current quarter ending in February, analysts project revenue of $14.3 billion with earnings per share of $4.78. Those numbers would continue the strong growth trajectory from the first quarter.

The surge in AI server demand has created a favorable environment for memory chip suppliers. High-bandwidth memory has become essential for AI applications, and Micron has positioned itself as a major player in this market.

Micron shares have surged 175% this year. That performance far outpaces the Nasdaq Composite index’s 19% gain over the same period.

The stock’s run reflects investor enthusiasm about the company’s exposure to AI infrastructure spending. Data center customers continue to order memory chips at healthy rates.

Profit improvements and bit optimization supported by favorable industry conditions strengthen the bullish case. Supply and demand dynamics in the memory chip market have improved after a difficult 2022 and early 2023.

Analysts see the recent spike in spot market pricing as a leading indicator for contract prices. Most memory chip sales happen through longer-term contracts rather than spot market transactions.

The company’s fiscal first-quarter results will provide insights into how quickly these pricing improvements are flowing through to financial performance. Investors will also pay close attention to management’s commentary about order trends and customer demand.

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