Micron Technology, Inc. (NASDAQ:MU) is one of the Most Profitable Large Cap Stocks to Buy According to Analysts. On August 12, JPMorgan raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) from $165 to $185, while keeping an Overweight rating on the stock.
The improved price target follows the company’s updated fiscal fourth quarter 2025 guidance. Micron Technology, Inc. (NASDAQ:MU) had previously projected fourth quarter guidance expecting revenue of $10.7 billion ± $300 million, non-GAAP gross margins between the range of 41% to 43%. However, on August 11, the company updated this guidance and now expects fourth quarter revenue to reach $11.2 billion ± $100 million, with non-GAAP margins in the range of 44% to 44.5%. Management noted that this improved guidance reflects better pricing of DRAM and strong execution.
A close-up view of a computer motherboard with integrated semiconductor chips.
Micron Technology, Inc. (NASDAQ:MU) designs and manufactures high-performance memory and storage products, including DRAM, NAND, and NOR technologies.
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Disclosure: None. This article is originally published at Insider Monkey.