Micron Technology’s stock has jumped over 11% after reporting Q1 revenue of $13.64 billion, exceeding analyst expectations and driven by robust demand for AI-related high-bandwidth memory chips. The company forecasts Q2 revenue between $18.3 billion and $19.1 billion, significantly above the consensus estimate of $14.38 billion. Analysts have responded to these strong results by raising Micron’s price target from $200 to $300, while the capacity for key memory products is fully booked through 2026, signaling ongoing market momentum.
“Micron Technology · delivered · revenue guidance well above forecasts”
“Micron · powered · tech stocks higher · after the company's quarterly results showed AI-linked demand for high-bandwidth memory chips boosted revenue”
“Micron Technology · closed up · +7% · 7%”
“Micron Technology · raised the price target from · $200 to $300 · true”
“Micron's tangible book value · is estimated at · $96.15 per share by the fiscal first quarter of 2028 · true”
“Micron's HBM3E and HBM4 capacity · is · completely booked for the whole of 2026 · true”
“Micron Technology · raised price target · Micron's price target · $300”
“Micron Technology · has capital expenditure forecast · 2026 capital expenditure · $20 billion”
“Micron Technology · is up by · +14%”
“Micron · surged · on its latest earnings report · true”
“Micron · crushed · estimates · true”
“Micron Technology Inc. · was upgraded to · Buy · from Neutral”
