Micron Technology (MU) Stock News Today (Dec. 15, 2025): Price Targets Jump to $300 Ahead of Earnings as AI Memory Demand Stays Red-Hot

Dec. 15, 2025 — Micron Technology, Inc. (NASDAQ: MU) is back in the spotlight as Wall Street ramps up bullish calls into the company’s next earnings report. Shares rose in premarket trading Monday after Wedbush lifted its price target to $300 from $220, pointing to a sharper-than-expected upturn in memory pricing and improving industry conditions. ^[1]

The upgrade adds fuel to a rally that has already been extraordinary: Reuters reported Micron stock had nearly tripled year-to-date as of the prior close, reflecting the market’s view that AI infrastructure buildouts are creating a new, tighter memory cycle—one increasingly driven by high-value products like HBM (high-bandwidth memory). ^[2]

Below is a full roundup of the current news, forecasts, and analyses published on Dec. 15, 2025, and what they suggest investors will be watching next.

What’s moving Micron stock on Dec. 15, 2025

1) Wedbush lifts Micron price target to $300

In the most widely cited catalyst this morning, Wedbush raised its MU price target to $300 while keeping an Outperform rating, arguing that the memory market has improved enough in recent months to support a bigger lift in average selling prices (ASPs) than previously expected. ^[3]

Reuters reported Micron shares were up 2.8% in premarket trading to about $247.90 after the note. ^[4]

Wedbush’s thesis leans heavily on pricing momentum:

DRAM spot prices saw steep gains in September and October, and suppliers raised prices for smaller customers during the quarter, according to Wedbush commentary carried by Investing.com. ^[5]
NAND pricing also improved, with sharp gains noted in October and November. ^[6]

2) Mizuho also hikes its target—straight to $300

Wedbush wasn’t alone. A separate note summarized by TradingView said Mizuho’s Vijay Rakesh raised his price objective to $300 from $195, maintaining a Buy rating and citing firmer pricing and AI-linked demand. ^[7]

That report highlighted several specific points investors will likely focus on:

Traditional DRAM pricing strength of roughly 15%–20% quarter-over-quarter (as characterized in the note)
Margin expansion potential as the DRAM market improves into 2026
A street view for the upcoming quarter of about $3.93 in adjusted EPS on around $12.82B in sales (per the same write-up) ^[8]

3) “$300” becomes a key battleground number across multiple firms

Dec. 15 coverage also included updates showing $300 is no longer an outlier target:

Rosenblatt reiterated a Buy rating and maintained a $300 target (per GuruFocus’ analyst ratings update). ^[9]
MarketBeat also reported Rosenblatt’s reiterated Buy and $300 target in a Dec. 15 note recap. ^[10]
GuruFocus’ Dec. 15 ratings recap listed other recent moves into the same neighborhood, including Stifel lifting to $300, Citigroup lifting to $300, and Susquehanna lifting to $300 (all in early-to-mid December). ^[11]

In other words: going into earnings week, the debate is increasingly not whether Micron is improving—many analysts agree it is—but how long pricing power can last and whether “AI memory” deserves a structurally higher valuation multiple than old-cycle Micron.

The big catalyst: Micron earnings on Dec. 17, 2025

Micron has confirmed it will report its fiscal first-quarter results on Wednesday, Dec. 17, 2025, and host its earnings conference call at 2:30 p.m. Mountain Time (4:30 p.m. Eastern). ^[12]

Micron’s investor events calendar also lists a post-earnings analyst call later the same day. ^[13]

Micron’s own guidance sets a high bar

The most important baseline for any “beat or miss” narrative is still Micron’s official guidance for fiscal Q1 2026, provided with its fiscal 2025 results:

Revenue: $12.50B ± $300M
Non-GAAP gross margin: 51.5% ± 1.0%
Non-GAAP diluted EPS: $3.75 ± $0.15 ^[14]

Those targets matter because the stock’s 2025 surge has been driven not just by revenue growth, but by the market’s belief that profitability is structurally improving as the mix shifts toward high-value AI memory.

Forecasts for Q1: what analysts are modeling right now

Different outlets and analyst summaries published today cluster around a similar range:

GuruFocus’ Dec. 15 preview recap cited a view of roughly $3.91 EPS on about $12.86B revenue. ^[15]
TradingView’s summary of Mizuho’s note referenced $3.93 adjusted EPS and $12.82B in sales as the market’s expectations. ^[16]
FXEmpire’s Dec. 15 earnings preview described Street expectations as $3.77–$3.94 EPS and roughly $12.6B–$12.8B revenue. ^[17]

What matters for MU stock isn’t only “EPS versus consensus.” The stock has already rallied hard, which means investors may react even more to:

Pricing commentary (DRAM and NAND contract trends)
HBM shipment and capacity signals
Gross margin trajectory and the sustainability of >50% levels
Any changes to the company’s supply discipline / capex posture

The core bull case in today’s analysis: AI is tightening the memory market

HBM and AI servers are reshaping Micron’s mix

A key theme across today’s notes is that the memory market is no longer moving purely on PCs and smartphones. Analysts are treating Micron as a prime beneficiary of AI data center demand, where memory content per server can be dramatically higher.

Micron’s own materials have pointed to the data center business as a growing share of the company’s results. In fiscal 2025, Micron said its data center business reached 56% of total company revenue, with gross margins of 52%. ^[18]

A Dec. 15 Seeking Alpha analysis similarly described data center as driving roughly 56% of volume and around 52% gross margin, arguing that this could support a “higher profitability base” than Micron’s historical cycle. ^[19]

“Sold out” signals and why investors care

One reason HBM matters so much: it can provide visibility in an industry that’s historically been very volatile.

Reuters previously reported Micron had indicated its HBM chips were sold out for 2025, supporting the idea that near-term supply is spoken for. ^[20]
Reuters also reported Micron expected to lock in deals to sell out its 2026 HBM supply within months (as of late September), reinforcing the “tight supply” narrative into next year. ^[21]

FXEmpire’s Dec. 15 preview went further, stating Micron had reported its HBM inventory was sold out through calendar 2025 and 2026, and added that Micron had begun shipping 12-layer HBM3E for Nvidia’s Blackwell Ultra platform after passing qualification—though investors should treat such third-party summaries as context rather than official confirmation. ^[22]

Micron’s own announcements have tied its advanced memory to Nvidia’s latest platforms: the company has said its HBM3E 12-high solution is designed into Nvidia’s HGX B300 and GB300 platforms. ^[23]

Another underappreciated driver: Micron is narrowing its focus

While today’s trading action is about analyst targets and earnings expectations, it’s happening against a broader strategic pivot.

Micron announced in early December it would exit the Crucial consumer business, continuing shipments through the consumer channel until the end of fiscal Q2 (February 2026), and positioning the move as part of a shift toward larger, faster-growing segments tied to AI-driven data center demand. ^[24]

That decision has been widely interpreted as a signal that the company wants to:

prioritize capacity and supply for strategic customers,
focus on higher-margin products,
and reduce exposure to more price-sensitive consumer channels.

What to watch on the Dec. 17 call: the 5 questions that could move MU stock

Based on the Dec. 15 reporting and analyst notes, here are the pressure points most likely to drive the next major move:

DRAM pricing power
Wedbush and Mizuho both leaned on stronger DRAM conditions. Investors will want details on contract pricing, lead times, and whether demand is pulling forward into 2026. ^[25]
NAND stabilization vs. true upcycle
Analysts are increasingly arguing NAND is lifting alongside DRAM. The question is whether NAND becomes a margin tailwind—or stays a “mixed” segment relative to HBM-led DRAM strength. ^[26]
HBM capacity, packaging constraints, and allocation
Any indication that supply is tightening further (or easing) could change how investors model 2026.
Gross margin sustainability above 50%
Micron guided to 51.5% ± 1.0% non-GAAP gross margin for fiscal Q1. The durability of margins at this level is central to the “structural rerating” story. ^[27]
Capital intensity and supply discipline
Capex is part of the long-term AI memory race. Micron has previously discussed capex levels and supply discipline as it pursues growth opportunities. ^[28]

Risks: what could derail the MU stock bull case

Even with a wave of $300 targets, Dec. 15 commentary implicitly highlights several risks:

“Too hot” pricing can cool fast in memory markets if supply ramps faster than demand.
Expectations are elevated after a near-tripling YTD move reported by Reuters—meaning execution needs to be clean. ^[29]
Competition remains intense across HBM and conventional DRAM/NAND (especially from SK hynix and Samsung).
Macro and AI spending sentiment can swing quickly; the market has already shown sensitivity to AI infrastructure headlines in recent weeks.

Bottom line for Dec. 15, 2025

Micron stock’s key story today is simple: earnings week is here, and analysts are increasingly treating MU as a prime way to play the AI memory upcycle, not a typical commodity cycle.

Wedbush and Mizuho both moved to $300 targets on Dec. 15, helping push shares higher premarket. ^[30]
Micron’s own guidance for fiscal Q1 2026 remains the anchor: $12.5B revenue and $3.75 non-GAAP EPS, with gross margin guided above 50%. ^[31]
The next decisive moment is Dec. 17, when Micron reports results and updates the market on pricing, HBM, and 2026 demand signals. ^[32]

If the company delivers a “beat and raise” narrative (or even a strong guide with confident pricing commentary), MU could justify the new wave of bullish targets. If management signals any cracks in pricing or AI-related demand, the stock’s huge 2025 run leaves less margin for error. ^[33]