Micron Technology, Inc. (NASDAQ: MU) is back in the spotlight today as its share price edges higher and a wave of fresh analyst calls, valuation debates and institutional trading activity shape the narrative around one of 2025’s hottest semiconductor stocks.
As of the latest tick on November 26, 2025, Micron shares are trading around $228.80, up roughly 1.9% on the day, after gaining more than 150% year‑to‑date on the back of surging demand for AI‑grade memory and high‑bandwidth products. [1]
Key takeaways
- Micron stock is up about 1.9% today, recently trading near $228.80, after a massive rally that has left shares up roughly 150–160% in 2025. [2]
- Morgan Stanley has named Micron a “Top Pick”, lifting its price target to a Street‑high $338 on deepening memory shortages and AI demand. [3]
- Citi reiterates a Buy rating with a $275 target, citing a 50% jump in fiscal 2025 sales and a powerful AI‑driven upcycle in DRAM and HBM products. [4]
- Zacks keeps Micron at a #1 (Strong Buy) rank and highlights triple‑digit earnings growth projections and strong estimate revisions. [5]
- Institutional investors are actively reshuffling stakes: some funds are adding to positions while others are trimming after the sharp run‑up, and insiders have sold shares into strength. [6]
- Valuation is becoming a debate: some models now see Micron modestly overvalued, even as others argue its multiples still look attractive versus AI peers. [7]
Micron stock price today: modest gains after a huge 2025 rally
Intraday on November 26, 2025, Micron stock is changing hands near $228.80, up $4.27 (about +1.9%) versus yesterday’s close around $224.53. [8]
So far today, MU has traded between roughly $224.78 and $233.05, on volume of more than 5.5 million shares with trading still ongoing.
Over the past 12 months, the stock has moved in a wide range between $61.54 and $260.58, underlining just how explosive the current AI‑driven memory cycle has been. [9]
From a broader market standpoint, U.S. equity futures were mildly higher this morning as Wall Street continues to price in the possibility of interest‑rate cuts, setting a risk‑on tone that tends to favor high‑growth tech names like Micron. [10]
Wall Street goes all‑in on Micron: new Street‑high targets and “Top Pick” status
Morgan Stanley: $338 target and “Top Pick” call
The headline move today comes from Morgan Stanley, which has labeled Micron its “Top Pick” among memory stocks and raised its price target to a Street‑high $338 from $325. [11]
The bank’s analysts argue that:
- Memory markets are facing “intensifying shortages”, particularly in DDR5 DRAM, to the point where supply is described as so tight that product can be “not available at any price.” [12]
- Morgan Stanley lifted its calendar‑year 2026 EPS estimate for Micron by about 15%, reflecting stronger pricing and demand visibility. [13]
At today’s price near $229, that $338 target implies roughly 50% upside if the bullish scenario plays out. [14]
Citi: Buy rating and $275 target on AI‑driven super‑cycle
Earlier today, Citi reiterated its Buy rating on Micron and maintained a $275 price target, reaffirming Micron as one of its preferred medium‑term picks. [15]
Citi’s bull case rests on a set of standout fundamentals for fiscal 2025:
- Revenue of about $37.5 billion, up roughly 50% year‑over‑year, marking a new record.
- Gross margin improvement of around 17 percentage points to about 41%.
- Operating cash flow jumping to roughly $17.5 billion from about $8.5 billion the prior year. [16]
The bank points to Micron’s leadership in high‑bandwidth memory (HBM) and advanced DRAM as key enablers of generative AI workloads in data centers, arguing that what was once a deeply cyclical memory business is now entering a multi‑year structural uptrend. [17]
Consensus view: overwhelmingly positive, with targets chasing the price
Fresh institutional coverage today also highlights the breadth of support Micron enjoys on the Street:
- Across Wall Street, 5 analysts rate the stock “Strong Buy,” 26 “Buy,” and 4 “Hold,” with no Sell ratings in the latest MarketBeat tally. [18]
- The average price target sits near $216, actually below the current share price – a sign that Micron’s powerful rally has raced ahead of earlier models and many targets are now playing catch‑up. [19]
In a separate note, TipRanks highlighted Morgan Stanley’s new $338 target as a Street‑high forecast, again underlining how aggressively some analysts are recalibrating their upside scenarios. [20]
Zacks and momentum screens flag Micron as a top growth name
Zacks: #1 (Strong Buy) with powerful estimate revisions
A new Zacks piece published this morning on “How to Find Strong Buy Computer and Technology Stocks Using the Zacks Rank” uses Micron as a case study in estimate‑driven momentum. [21]
Key points from Zacks:
- Micron has been on the Zacks Rank #1 (Strong Buy) list since August 20, 2025. [22]
- For fiscal 2026, analysts have raised their earnings estimates over the past 60 days, pushing the Zacks consensus EPS up to about $17.17 per share. [23]
- Zacks projects earnings growth of over 100% (around 107%) this year and revenue growth near 46%, reflecting the strength of the AI memory cycle. [24]
- Micron has delivered an average earnings surprise of roughly 9% over recent quarters. [25]
In a separate note titled “Best Growth Stocks to Buy for Nov. 26,” Zacks highlights Micron alongside Dycom Industries and Sanmina as key growth names for today’s session, again emphasizing its favorable rank and strong earnings outlook. [26]
ChartMill: high‑growth momentum and near‑textbook technical setup
Technical‑fundamental screener ChartMill also put Micron in the spotlight today in an article titled “Micron Technology (NASDAQ: MU) Shows High‑Growth Momentum with Strong Earnings and Technical Setup.” [27]
According to that analysis:
- Micron’s EPS has grown about 553% over the last twelve months, with quarterly EPS growth rates of roughly 157%, 208% and 271% in the most recent three periods. [28]
- Revenue is up about 49% year‑over‑year, while free cash flow per share has surged more than 1,200%. [29]
- Profit margins have expanded from around 3% to nearly 23% over the latest fiscal year. [30]
- Technically, Micron scores a 9/10 rating, has outperformed about 97% of all stocks over the past year, and is trading in the upper part of its 52‑week range. [31]
- The stock is consolidating above a support band roughly in the $201–207 area, setting up what ChartMill describes as a constructive base for potential further upside. [32]
Taken together, Zacks’ earnings‑driven framework and ChartMill’s momentum indicators both place Micron firmly in the high‑growth, high‑momentum bucket.
Valuation debate: is Micron overextended or still cheap for an AI leader?
Not everyone is comfortable with Micron’s rapid ascent.
A new valuation‑focused piece from Simply Wall St, published today under the title “Micron Technology (MU): Assessing Valuation as AI and Data Center Growth Drives New Analyst Optimism,” argues that Micron might now be around 10% overvalued relative to its modeled fair value. [33]
Highlights from that analysis:
- One fair‑value narrative pegs Micron’s intrinsic value near $203.92 per share, below the current trading price. [34]
- However, Micron’s price‑to‑earnings ratio of roughly 29.5x still screens below the semiconductor industry average (~35.6x) and well under the lofty multiples on some high‑flying AI peers. [35]
- The article points out that Micron’s entire 2025 high‑bandwidth memory (HBM) capacity is already sold out, with supply “committed through 2026”, after the company passed NVIDIA’s quality verification for its HBM3E products and began shipping high volume to multiple GPU and ASIC customers. [36]
- Simply Wall St cites projections that the HBM market could grow from about $30 billion in 2025 to $100 billion by 2030, suggesting a long runway despite near‑term valuation concerns. [37]
In other words, the debate is shifting from “Is this a turnaround?” to “How much of the AI super‑cycle is already priced in?”
Institutional investors reshuffle: adds, trims and insider selling
Today’s 13F‑driven headlines paint a mixed but active picture of how big money is positioning in Micron after its dramatic climb.
Funds adding exposure
- Inceptionr LLC more than doubled its position in Micron in the second quarter, increasing its stake by about 106% to 14,765 shares, valued at roughly $1.82 million at the time of filing. [38]
Funds taking some profits
Two separate MarketBeat alerts today highlight notable selling from established holders:
- Boston Partners reduced its Micron position by around 2.6%, selling 127,333 shares but still owning about 4.76 million shares, or roughly 0.42% of the company, valued at approximately $583 million. [39]
- Thornburg Investment Management cut its stake by 28.1%, selling 25,298 shares and ending the quarter with 64,639 shares worth about $8.0 million. [40]
Across the shareholder base, institutional investors and hedge funds control roughly 80%+ of Micron’s float, underlining how tightly the name is held by professional money managers. [41]
Insider activity: selling into strength
The Thornburg article also highlights recent insider selling:
- CFO Mark J. Murphy sold about 126,000 shares at an average price in the mid‑$220s, a transaction valued at roughly $28.4 million, cutting his position by more than a third. [42]
- EVP Scott J. Deboer sold about 82,000 shares around $223, for proceeds over $18 million, reducing his stake by roughly 35%. [43]
- Over the last three months, insiders have sold about 409,756 shares worth approximately $85 million, and insiders now hold around 0.3% of the stock. [44]
While insider selling doesn’t automatically signal trouble—executives often diversify after major rallies—it is one of the risk factors investors are watching as the stock trades near the upper end of its historical range.
Earnings backdrop: AI demand turns the memory cycle into a record year
Behind today’s bullish calls lies a very different Micron from the one investors saw during the 2022–2023 downturn.
Recent results and commentary show:
- Record quarterly revenue: In its latest reported quarter, Micron generated about $11.32 billion in revenue, topping consensus estimates and rising roughly 46% year‑over‑year, with EPS of $3.03 versus an analyst expectation near $2.86. [45]
- Guidance pointing higher: Management has guided Q1 FY2026 EPS to a range of roughly $3.60–$3.90, indicating confidence that AI‑linked demand and pricing strength can carry into the new fiscal year. [46]
- Full‑year transformation: For fiscal 2025, Micron reported around $37.5 billion in sales, up 50% year‑on‑year, with gross margin climbing into the low‑40% range and operating cash flow more than doubling. [47]
- Data center leadership: Company commentary around its Q4 FY2025 results emphasized that Micron achieved all‑time highs in its data center business and is entering fiscal 2026 with “strong momentum” and its most competitive portfolio to date. [48]
On the AI side, multiple analyses note Micron’s aggressive push into HBM and DDR5 DRAM as central to its strategy. One widely cited piece on the current rally argues that Micron’s pivot to HBM—critical for AI accelerators—may be turning what used to be a brutal boom‑bust memory cycle into something closer to a structural growth story, as AI workloads demand ever‑higher bandwidth and capacity. [49]
Today’s narrative: Micron vs. peers and the AI data surge
A new Zacks comparison article published today titled “STX vs. MU: Which Storage‑Memory Stock Will Win the AI Data Surge?” places Micron alongside Seagate Technology as key beneficiaries of AI‑driven data growth. The piece points out that tighter HDD supply can support broader NAND pricing and highlights Micron’s balance‑sheet progress as another positive. [50]
At the same time, a fresh Motley Fool analysis—re‑published via Nasdaq and amplified on Finviz—titled “Prediction: Micron Stock Could Soar 60% as AI Demand Explodes” argues that Micron’s leadership in AI memory for smart vehicles and data centers could justify significant further upside from current levels, even after recent volatility. [51]
Interestingly, that note also stresses that Micron did not make the service’s own “top 10” stock list, underscoring that even bullish commentators see it as part of a broader opportunity set rather than a one‑way bet. [52]
Risks to watch: competition, cycles and geopolitics
Despite today’s upbeat tone, several of the November 26 reports highlight non‑trivial risks:
- Competition: Micron continues to face intense competition from Samsung and SK Hynix in DRAM and HBM; any missteps on technology roadmaps or yields could erode its newly gained share. [53]
- Valuation sensitivity: With the stock up roughly 160% year‑to‑date and trading in the upper portion of its 52‑week range, any disappointment on pricing, volumes, or macro conditions could trigger sharp drawdowns. [54]
- Insider and institutional selling: The recent wave of insider sales and selective trimming by large asset managers suggests that some sophisticated holders are locking in gains and re‑balancing risk after the parabolic move. [55]
- Macro and geopolitics: The memory business remains sensitive to global growth, interest rates, and trade policy—particularly U.S.–China tech tensions that could affect equipment access or customer demand. [56]
For now, though, the balance of today’s commentary leans clearly toward optimism, with most research houses expecting the AI data wave and tight supply to support elevated earnings well into 2026.
Bottom line: how Micron stock looks on November 26, 2025
Putting together all of today’s headlines:
- The price action is constructive, with Micron modestly higher on the day after a massive year‑to‑date rally. [57]
- Street sentiment is extremely positive, capped by Morgan Stanley’s Top Pick label and Street‑high $338 target and Citi’s reaffirmed $275 target. [58]
- Growth and momentum metrics remain exceptional, with multi‑hundred‑percent earnings growth and strong technicals highlighted by Zacks and ChartMill. [59]
- Valuation and risk indicators are flashing yellow, as some models see the stock modestly overvalued and insiders plus some institutions take chips off the table. [60]
For investors and traders tracking Micron Technology stock today, November 26, 2025 is another day that reinforces the central narrative of 2025: Micron is at the heart of the AI memory boom—rewarding believers so far, but increasingly demanding careful attention to valuation, positioning and risk management.
References
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