Investors should consider using the pullback in Micron Technology to snatch up shares, according to several Wall Street analysts. The decline in the memory chipmaker's stock comes on the heels of its fiscal third-quarter print. Shares dropped 4% despite a top- and bottom-line beat. Instead, investors focused on Micron's in-line revenue forecast for the current quarter. In March, the company offered rosy guidance driven by artificial intelligence demand that boosted shares.
The analyst has a December 2025 price target of $180 on shares, citing expectations for $16.50 of earnings power exiting the 2025 calendar year. The price target implies 26% upside from Wednesday's close. Despite the disappointing guide, Bernstein analyst Mark Li said the midterm outlook "remains solid." UBS analyst Timothy Arcuri also encouraged investors to "cut through the noise" as gross margins continue trudging higher.