Micron Technology Inc. reported strong third-quarter earnings, driven by robust demand for DRAM and advancements in power-efficient memory technology. CEO Sanjay Mehrota highlighted continued growth in High Bandwidth Memory (HBM) extending well into 2028. Following the earnings release, several analysts raised their price targets for Micron shares, with Cantor Fitzgerald and Raymond James increasing targets to $155 and $150 respectively, and Rosenblatt elevating its target to $200, citing AI-driven demand and superior power efficiency as key factors. Goldman Sachs noted the positive implications of Micron’s results for Korean memory chipmakers, maintaining supply discipline outlook and raising DRAM bit demand guidance. Micron’s stock has rebounded from earlier declines linked to China’s DeepSeek developments, reaching new highs. Asset management executives also discussed the company’s performance positively, reflecting confidence in Micron’s income model and margins surpassing Street expectations.