Micron Technology’s Earnings Preview Sparks Analyst Optimism
Micron Technology's stock surged nearly 5% ahead of its Q1 fiscal 2026 earnings report, with Wall Street anticipating $3.93 per share on $12.82 billion revenue. The chipmaker has seen a 100% rally over six months, reaching all-time highs as DRAM pricing and enterprise SSD demand fuel bullish sentiment.
HSBC's $330 price target initiation leads a wave of upgrades, with analysts citing underestimated market share gains. The Strong Buy consensus (27 Buy, 3 Hold ratings) now faces a paradox—the stock trades above its $252.52 average target, testing the limits of Wall Street's optimism.