MU is trading at $274.42 (+3.19%) continuing its upward momentum following a strong Q1 2026 earnings beat and bullish Q2 guidance.
- Q1 2026 results exceeded expectations with $13.64B in revenue and $4.78 EPS.
- Analysts raised price targets to $300-$443 based on the projected $8.42 EPS Q2 guidance.
- Gains are primarily driven by AI-related HBM demand and strategic Nvidia partnerships, aligning with the broader tech sector recovery.