Raymond James Lifts PT on Micron Technology (MU) Stock to $150 from $120
Micron Technology, Inc. (NASDAQ:MU) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, Raymond James analyst Srini Pajjuri upped the price target on the company's stock to $150 from $120, while keeping an 'Outperform' rating. The firm highlighted Micron Technology, Inc. (NASDAQ:MU)'s fiscal Q3 2025 results and Q4 2025 outlook, both of which surpassed the consensus expectations. The company saw revenue of $9.30 billion compared to $8.05 billion in the prior quarter and $6.81 billion in the same period of the last year.
A close-up view of a computer motherboard with integrated semiconductor chips.
As per the firm, gross margins showcased better performance than the expectations. They are anticipated to expand further, thanks to the pricing and mix tailwinds. The firm noted that Micron Technology, Inc. (NASDAQ:MU)'s High Bandwidth Memory (HBM) revenue saw an increase of ~50% quarter-over-quarter. The company's HBM4 roadmap seems to be solid, potentially allowing for further market share gains in 2026.
Micron Technology, Inc. (NASDAQ:MU) remains on track to deliver record revenue with solid profitability and FCF in fiscal 2025 amidst disciplined investments to build on the technology leadership and manufacturing excellence in order to satisfy increased AI-driven memory demand. On a GAAP basis, the company expects revenue of $10.7 billion (± $300 million) and gross margin of 41.0% (± 1.0%) in Q4 2025.
Micron Technology, Inc. (NASDAQ:MU) manufactures advanced memory and storage products that are important components in AI systems for handling data processing as well as training workloads.
While we acknowledge the potential of MU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now
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