TLDRs;
- Micron gains pre-market momentum after sweeping analyst price-target hikes.
- Wall Street sees long-term upside as AI servers boost memory demand.
- Strategic exit from consumer memory strengthens Micron’s AI-focused roadmap.
- Strong 2025 financials set high expectations ahead of December 17 earnings.
Micron Technology entered Tuesday’s trading session with renewed optimism as aggressive analyst price-target revisions and strengthening confidence in the AI-memory cycle fueled a fresh wave of pre-market enthusiasm.
The stock, which has already staged a massive rally through 2025, extended its upward trajectory after a powerful Monday performance and an additional lift in after-hours trading. With investors increasingly positioning Micron as a central beneficiary of the AI compute boom, Wall Street’s bullishness has set the tone for what could be another volatile but potentially constructive session on December 9.
Analysts Fuel New Momentum
Micron’s pre-market tone was shaped largely by a cascade of revised analyst targets that arrived throughout Monday’s session. Bank of America raised its target to $250, citing a multi-year structural AI upcycle rather than a short-lived memory rebound.
Hours later, Susquehanna escalated the bullish mood with a dramatic hike to $300, while firms like UBS, Rosenblatt, Citigroup, Mizuho and Wells Fargo all reiterated high conviction views with targets stretching from the mid-$200s to the $300+ range.
Collectively, the revisions underscored a single message: the economics of memory are rapidly changing. With AI servers requiring multiples more DRAM and HBM content than traditional enterprise systems, analysts now anticipate stronger revenue durability and improved profit margins through fiscal 2026.
The cluster of new targets reflects rising confidence that Micron’s leading HBM roadmap, AI-centric product mix and capacity allocation are positioning the company as a top beneficiary of accelerated global investment in AI infrastructure.
Stock Extends Surge Into After-Hours
Micron’s Monday price action added momentum heading into today’s open. The stock climbed roughly 4% during regular trading, closing near $247 and outperforming broader U.S. equity indices. After the bell, shares ticked higher again, trading just under the $249 mark in early evening action.
The move cemented Micron’s already stunning year-to-date performance. Up nearly 180% in 2025 and hovering near its 52-week high, the stock continues to attract heavy institutional attention. Volume during Monday’s session remained solid, indicating broad participation rather than low-liquidity speculation.
With futures pointing to mixed market conditions, traders are watching closely to see whether Micron’s overnight momentum carries into the opening bell or encounters profit-taking near key resistance zones.
AI Strategy Pivot Sharpens Investor Focus
Investor sentiment has also been shaped by Micron’s strategic pivot earlier this month. The company confirmed it will wind down its Crucial-branded consumer memory business by early 2026, freeing manufacturing capacity for higher-margin data center and AI products. Executives emphasized that demand for advanced memory, especially HBM, has reached levels that require rethinking resource allocation.
The move signals Micron’s intention to double down on its fastest-growing segments at a moment when AI deployments are accelerating globally. With HBM reportedly sold out through 2026 and DRAM pricing strengthening, the decision has been widely interpreted as a long-term profitability play rather than a defensive measure.
For Wall Street, the shift provides further evidence that Micron is repositioning itself as a core backbone of AI infrastructure rather than a cyclical memory vendor.
Financial Strength Reinforces the Bull Case
Beyond sentiment, Micron’s fundamentals have given analysts solid ground for their revisions. Revenue surged nearly 49% in 2025, while net income rebounded sharply from the previous year’s downturn. The company’s Q4 performance delivered strong year-over-year growth, and expectations for the upcoming Q1 2026 earnings report, set for December 17, continue to rise.
While consensus targets remain below Micron’s current trading range, high-end projections between $270 and $338 reflect a growing belief that the AI boom may only be in its early stages. Still, the risks remain, aggressive competition in DRAM and HBM, potential supply-demand imbalances, macro volatility, and a crowded institutional trade all hang over Micron’s high valuation.
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