Micron Shares Surge on Upgraded Outlook and Record Performance

Micron Technology’s stock experienced a significant rally, climbing over 10% in a single session to establish a fresh 52-week peak at $315.42. This upward movement was catalyzed by a substantial price target revision from Bernstein, where analysts raised their projection from $270 to $330 per share. According to Bernstein’s Mark Li, the adjustment reflects sustained robust demand for High-Bandwidth Memory (HBM) used in artificial intelligence applications, coupled with favorable pricing trends in the DRAM market.

The current market enthusiasm is firmly rooted in Micron’s exceptional financial report for its first fiscal quarter of 2026. The company posted revenue of $13.64 billion, a 57% year-over-year increase that handily surpassed the $12.62 billion consensus estimate. Adjusted earnings per Read more...