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Headquartered in Boise, Idaho, Micron Technology, Inc. (MU) is a global leader in semiconductor solutions, driving innovation in memory and storage technologies. With a market cap of $99.2 billion, Micron designs and manufactures advanced DRAM, NAND, and NOR flash memory products that power a wide range of applications, from data centers and AI to mobile devices and automotive systems.
Shares of the memory chips maker have gained 7.4% over the past 52 weeks, trailing behind the broader S&P 500 Index ($SPX), which rallied 23.3% over the past year. However, in 2025 alone, MU’s stock rose 9.9%, compared to the SPX’s 3.2% rise on a YTD basis.
Looking further, over the past 52 weeks, MU’s performance has trailed the VanEck Semiconductor ETF (SMH), which gained 30% during the period. However, on a YTD basis, MU has delivered stronger returns, significantly outperforming the ETF’s 1.2% gain.
On Jan. 27, MU stock fell 10.4% after China's DeepSeek released a cost-effective AI model, raising concerns about AI chip demand and market competition.
MU stock closed down over 16% after the company reported its Q1 earnings results on Dec. 18. The company posted an adjusted EPS of $1.79, surpassing consensus estimates of $1.75, marking a 51.7% year-over-year increase. Revenue grew 12.4% year-over-year to $8.71 billion, aligning with Wall Street expectations. Micron anticipates Q2 2025 non-GAAP revenue between $7.7 billion and $8.1 billion and diluted EPS between $1.16 and $1.36, reflecting steady financial performance and operational efficiency.
For the current fiscal year, ending in August, analysts expect MU to report an EPS growth of 984.5% to $6.29 on a diluted basis. The company’s earnings surprise history is promising. It beat the consensus estimate in each of the last four quarters.
Among the 29 analysts covering MU stock, the consensus rating is a “Strong Buy.” That’s based on 24 “Strong Buy” ratings, two “Moderate Buys,” two “Holds,” and one “Strong Sell.”
This configuration is less bullish than two months ago when 25 analysts suggested a “Strong Buy” rating.
On Jan. 28, Morgan Stanley (MS) analyst Joseph Moore lowered Micron's price target from $98 to $91 while maintaining an “Equal Weight” rating. He noted that the recent DeepSeek AI release introduced evolutionary innovations, some of which could have a deflationary impact.
The mean price target of $132.89 represents a 43.7% premium to MU’s current price levels. The Street-high price target of $250 suggests an ambitious upside potential of 170.3%.
