Overview
- Micron shares set a new intraday all‑time high of $289.30 on Dec. 24, extending a roughly 18.8% five‑day rally highlighted by Forbes.
- The company’s first‑quarter results topped estimates with $13.64 billion in revenue and adjusted earnings of $4.78 per share, and management guided to $18.7 billion for the second quarter.
- CEO Sanjay Mehrotra flagged expectations for record revenue and margins in fiscal 2026, with HBM positioned as a key growth engine for AI infrastructure.
- Morgan Stanley lifted its price target to $325 on Dec. 18, citing a 2–3 year data‑center capacity ramp and severe DRAM constraints that it expects to ease by mid‑2026.
- Benzinga noted a Street‑high $500 target from Rosenblatt, while Forbes highlighted elevated valuation metrics and Micron’s historically deeper drawdowns in market selloffs.