Micron Technology experienced strong sector momentum following significant analyst upgrades, driven by expectations of worsening memory shortages and robust AI-driven demand. TD Cowen notably raised its price target to $450 (from $300) with a Buy rating, while William Blair initiated coverage with an Outperform rating, citing the emerging memory supercycle.
- The positive sentiment is supported by the company's recent Q1 FY2026 results, which reported revenue of $13.6 billion, representing a 57% year-over-year increase.
- The stock closed the session at $399.65 and was trading slightly lower after hours at $399.30.