Micron (MU) Stock Today: HSBC’s New $330 Target, AI Memory Supercycle and What Comes Next After a 170%+ Rally
HSBC initiated coverage of Micron Technology on December 9 with a “Buy” rating and a $330 price target, projecting 30–35% upside. Micron closed at $246.92 on December 8, up 4.1% for the day, after reporting record fiscal 2025 results and a year-to-date gain of about 170–180%. The company is shifting focus to high-bandwidth memory and data-center DRAM, exiting its consumer Crucial brand.