Options markets imply a 7.8% move for Micron Technology shares when the company reports fiscal fourth-quarter results on Sept. 30 after the market close, according to data compiled by Bloomberg. The stock has exceeded its implied earnings move in four of the past eight announcements, including an 18.9% gain in June versus an 11.4% implied move and a 23.8% jump in September 2024 against 9.0%. Citi raised its price target to $1,300 from $1,150, forecasting approximately $51 billion in revenue and $31.45 in earnings per share. The bank cited AI-driven memory demand, higher DRAM and NAND prices, and capacity constraints, while CXMT, weaker consumer NAND demand, faster capacity additions and elevated expectations remain risks.