Micron Technology, Inc. (MU) — closed signal from July 6, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on October 4, 2025.
Predicted vs. what happened
What happened
Reached its target in 67 days.
The thesis — published July 6, 2025
After its earnings report the share price fell sharply, and short-term trading signals now show it is unusually low. At the same time, sales of its advanced memory for artificial-intelligence computers have more than doubled from the previous quarter, and the bank Citi lifted its price goal to 150 dollars. In past memory cycles, prices often bounce 15-20 percent once they get this oversold. Because demand for this special memory is expected to stay tight through 2025, a move back to 145-150 dollars over the next few months looks realistic, especially since the stock already found buyers around 120-123 dollars.
Primary drivers
- Short-term trading tools show sellers are running out of steam after earnings drop.
- AI memory sales doubled last quarter; total customer market now pegged at $30-35B.
- Citi raised its price goal to $150, giving the story extra support from big investors.
- Past memory cycles often see shares climb 15-20 percent once they get this oversold.
How it played out
MU: target reached in 67 days
Lyra published MU at 122.16 on 2025-07-06 with 20% expected growth and a 146.45 target. The thesis pointed to an earnings drop, sellers running out of steam, advanced memory sales for artificial intelligence computers more than doubling from the previous quarter, Citi lifting its price goal to 150, and past memory-cycle rebounds of 15-20% after oversold moves.
Inside the window, MU reached the target in 67 days. The peak was 191.77 on 2025-10-03, with a 57% peak gain. It ended at 187.75 on 2025-10-04. The thesis played out and went beyond the target.
What happened during the window
On 2025-08-11, Micron raised its fiscal fourth-quarter guidance, including revenue of 11.2 billion dollars. On 2025-09-23, Micron reported fiscal fourth-quarter revenue of 11.32 billion dollars and adjusted earnings per share of 3.03.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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