Micron Technology (MU) Stock Today, November 17, 2025: $300 Price Target, AI Memory Breakthroughs and New Highs

Micron Technology’s stock spent Monday, November 17, 2025 trading near record territory as Wall Street hiked price targets, AI-related memory demand stayed red‑hot, and the company highlighted new data‑center and automotive products. By late afternoon, Micron (NASDAQ: MU) was changing hands around $247–$250 per share, modestly higher on the day after an early surge. ^[1]

The move caps a remarkable year in which Micron shares have climbed roughly 190% year to date, powered by surging demand for high‑bandwidth memory (HBM) and other chips used in artificial intelligence infrastructure. ^[2]

Micron stock price today: near record highs after early pop

Micron opened Monday’s session close to Friday’s close (around the mid‑$240s) and quickly pushed higher after another bullish analyst call. Intraday, MU traded in the mid‑ to high‑$250s, setting yet another fresh 52‑week (and essentially all‑time) high before giving back some gains. ^[3]

Last trade (late session): about $247.55
Intraday range: roughly mid‑$240s to near $260
Volume: more than 17 million shares, in line with Micron’s heavy recent activity. ^[4]

Even after today’s slight fade from the highs, Micron remains one of 2025’s standout AI beneficiaries. TipRanks data pegs Micron’s year‑to‑date gain at ~194%, while Stock Story notes the shares are up about 188% since January, underscoring just how far and how fast the stock has run. ^[5]

Chip makers collectively helped support U.S. indices today: a Barchart/TradingView recap highlighted Micron as one of the day’s leading AI‑infrastructure names, briefly up more than 4% and outpacing the Nasdaq 100’s modest rise. ^[6]

Rosenblatt lifts Micron price target to $300 – and it’s not alone

The biggest single catalyst for Monday’s move was a fresh price‑target hike from Rosenblatt Securities. Analyst Kevin Cassidy raised his 12‑month target on Micron from $250 to $300 while maintaining a “Buy” / “Strong Buy” stance. ^[7]

Rosenblatt’s call leans heavily on the idea that:

Industry‑wide DRAM supply growth will stay constrained through at least 2026.
AI‑driven demand will keep both HBM and server DRAM pricing elevated. ^[8]

Rosenblatt is far from alone. Over the last month, a string of major banks have chased Micron higher:

Morgan Stanley: target raised from $220 to $325 (Overweight)
Wells Fargo: $220 → $300 (Overweight)
Mizuho: $240 → $265 (Outperform)
Citigroup: $240 → $275 (Buy)
Barclays: $195 → $240 (Overweight) ^[9]

Despite those aggressive individual targets, aggregate data still show the Street playing catch‑up. StockAnalysis, drawing on 30 covering analysts, reports: ^[10]

Consensus rating: Buy
Average price target: $203.57
Implied 12‑month move: about 16% downside from current levels (because the stock has outrun prior targets).

In other words, most analysts still officially like Micron, but the average model hasn’t fully caught up with how fast the stock has appreciated in 2025.

Piper Sandler and others focus on an HBM “supercycle”

A separate note out this morning from Piper Sandler kept the focus squarely on Micron’s role in high‑bandwidth memory: ^[11]

Piper reiterated an Overweight rating on Micron with a $200 price target.
The firm highlighted that Micron’s HBM3E capacity for 2026 is already mostly sold out, with the remaining supply likely to be spoken for within months.
Management expects HBM tightness to persist through 2025 and into 2026, supporting pricing and margins.
Micron plans to start shipping HBM4 in the second quarter of 2026, reinforcing its roadmap at the leading edge.

The same note flags a couple of competitive and macro dynamics investors should watch:

Samsung is reportedly cutting some HBM prices by around 30%, underscoring that competition in AI memory remains fierce.
SK hynix sees an accelerating memory upcycle, adding further context for why Micron’s stock has re‑rated so dramatically this year. ^[12]

A longer analysis syndicated via Investing.com under the headline “Micron Technology: If You Wait for the Dip, It Could Leave You Behind” frames all of this as part of a multi‑year memory “supercycle” driven by AI. The piece notes: ^[13]

Morgan Stanley’s $325 target implies substantial upside even from mid‑November highs.
Micron trades at about 14× current earnings and roughly 12× its 2028 EPS forecast, which the author argues could allow for multiple expansion on top of earnings growth.

That bullish view is far from guaranteed, but it captures the optimism currently swirling around AI‑linked memory suppliers.

New 192GB SOCAMM2 memory: Micron leans harder into AI data centers

Alongside analyst chatter, Micron also had product news in focus today.

Electronics outlet Evertiq highlighted Micron’s 192GB SOCAMM2 low‑power memory module, which the company is now sampling with customers for AI data centers. Key details: ^[14]

Built on Micron’s 1‑gamma DRAM process and LPDDR5X.
Delivers 50% more capacity than the previous SOCAMM module in the same footprint.
Promises more than 20% better power efficiency, a crucial metric for power‑hungry AI clusters.
Micron says the added capacity can cut time‑to‑first‑token (TTFT) by over 80% in certain real‑time inference workloads.

In large AI deployments—where a single rack may host 50+ terabytes of CPU‑attached low‑power DRAM—those gains can translate into significant cost and energy savings. ^[15]

This product builds on Micron’s earlier October press release about SOCAMM2 and deepens a multi‑year collaboration with NVIDIA, aiming to move low‑power DRAM from mobile devices into data‑center‑class deployment. ^[16]

Recent earnings show how dramatically the fundamentals have turned

Today’s excitement comes on the heels of a blowout fiscal 2025.

According to detailed analysis by Futurum Group and Wall Street consensus data: ^[17]

FY 2025 revenue: about $37.4 billion, up ~49% year over year.
FY 2025 EPS: roughly $7.59, up more than 100% from the prior year’s depressed levels.
Q4 FY 2025 revenue: $11.32 billion, slightly above consensus and up 46% YoY.
Non‑GAAP gross margin: 45.7% vs. 36.5% a year earlier.
Non‑GAAP net income: $3.47 billion, up from $1.34 billion in the year‑ago quarter.

Crucially for the AI story:

The data‑center business now accounts for ~56% of total revenue, a major mix shift.
HBM alone contributed nearly $2 billion in Q4 revenue, with management indicating a strong, multi‑year demand pipeline. ^[18]

Analysts tracked by StockAnalysis expect the top line to keep accelerating in FY 2026: ^[19]

Revenue this year (FY 2026): projected $55.7 billion, another ~49% jump.
EPS this year: expected to more than double to $17.10, then climb again in FY 2027.

Micron’s own guidance for Q1 FY 2026 calls for $12.2–$12.8 billion in revenue and gross margins above 50%, reinforcing the notion that the company is deep in an upcycle rather than near the peak. ^[20]

Local twist: New York mega‑fab incentive vote delayed

Not all Micron headlines today were about Wall Street or product launches.

In Onondaga County, New York, local officials postponed a key vote tied to Micron’s planned mega‑fab near Syracuse. The county’s Industrial Development Agency delayed Monday’s scheduled decision on construction approvals and a roughly $2 billion property‑tax‑break package until Tuesday morning. ^[21]

Key points from the WAER report: ^[22]

The incentive package includes a 49‑year payment‑in‑lieu‑of‑taxes (PILOT) agreement on property taxes.
Once county approvals are in place, Micron aims to start clearing roughly 500 acres of forest by early December to meet a March 31 environmental deadline tied to endangered bat species.
The company has pushed back the start of actual fab construction and the plant’s opening by 2–3 years, underlining how long‑dated this capacity is.
Public hearings have revealed tension between community benefits (jobs, higher sales and property taxes) and concerns about school funding and local impact.

For investors, this saga is a reminder that U.S. onshoring and CHIPS‑Act‑linked projects are complex, political, and slow, even for a strategically important player like Micron.

How the broader market views Micron stock right now

Despite Micron’s enormous 2025 rally, sentiment across quantitative models and rating services remains broadly bullish—with some caveats:

TipRanks notes a “Strong Buy” consensus and YTD performance above 194%, with a market cap around $277 billion and a positive technical signal. ^[23]
Validea’s implementation of Martin Zweig’s growth strategy gives Micron a 77% score, citing strong sales and earnings momentum, reasonable valuation, and a solid balance sheet for a cyclical name. ^[24]
Zacks spotlighted Micron today as both a “trending stock” and one of its Best Growth Stocks to Buy for Nov. 17, reflecting a top‑tier Zacks Rank (Strong Buy) and favorable earnings revision trends. ^[25]
StockAnalysis shows:
- Consensus rating: Buy
- Average target: $203.57
- Target range: $84 (low) to $325 (high)
- Implied downside vs. Monday’s price, purely on the average target, of around 16%. ^[26]

That last point is important: while headline targets like $300 or $325 get attention, the average analyst still expects Micron to trade lower than today’s price in 12 months. That doesn’t mean it will, but it highlights how far the stock has run ahead of earlier expectations.

Valuation and risks: what could go wrong?

Bullish narratives around Micron are now well known: AI demand, HBM leadership, data‑center mix, and a strong technology roadmap. But renewed interest in the stock also comes with real risks:

Classic memory‑cycle volatility
- DRAM and NAND remain highly cyclical; pricing can deteriorate quickly if demand slows or competitors oversupply the market.
- Recent reports of Samsung cutting some HBM prices by about 30% show how fast competitive dynamics can change. ^[27]
Rich expectations
- Micron’s share price has already discounted a sharp margin and earnings expansion.
- Articles today point out that while Micron trades at around 14× current earnings, that multiple is being applied to earnings at or near a cyclical peak; any hiccup in AI spending or HBM pricing could compress both earnings and the multiple. ^[28]
Execution on ambitious capex
- Management plans to lift annual capex to around $18 billion in FY 2026, funding new DRAM, HBM, and NAND capacity and U.S. fab construction under the CHIPS program. ^[29]
- Large capex cycles magnify both upside and downside, depending on whether demand forecasts prove accurate.
Policy and project risk
- The Syracuse mega‑fab is a multi‑decade commitment entangled with local politics, environmental constraints, and federal incentives. Delays or changes to the incentive structure could affect long‑term returns on that investment. ^[30]
Macro and AI‑spending sensitivity
- Broader indices have wobbled whenever investors question whether the AI spending boom is sustainable.
- A Bloomberg story today about AI‑infrastructure firm CoreWeave suffering one of its worst weeks reminds traders that the market can quickly become more selective in how it prices AI winners and losers—Micron included. ^[31]

What to watch next

For investors following Micron after today’s headlines, a few near‑term signposts stand out:

Nvidia’s upcoming earnings later this week, which often act as a barometer for AI data‑center spending and HBM demand. ^[32]
Micron’s Q1 FY 2026 results and guidance, where the market will want confirmation that margins can stay above 50% and that HBM revenue and capacity ramp are tracking to plan. ^[33]
Further details on U.S. CHIPS‑Act funding and the Syracuse project, including the rescheduled Onondaga County vote and any updates to construction timing. ^[34]

For now, November 17, 2025 will likely be remembered as another step in Micron’s dramatic AI‑driven rerating: a day when a new $300 price target, robust HBM commentary, and fresh product news kept the stock hovering near all‑time highs—even as traditional valuation metrics and consensus targets warned that the bar is getting very high.

Disclosure: This article is for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any security. Always do your own research or consult a licensed financial adviser before making investment decisions.

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