Micron (MU) Stock: Analyst Projects Shares Could Double After Monster Earnings Beat

TLDR Rosenblatt analyst lifts Micron price target to $500 from $195, projecting over 100% upside after stellar Q1 results. Q1 earnings hit $4.78 per share versus $3.96 expected, with revenue jumping 56.6% to $13.64 billion. Company forecasts record 68% gross margin for Q2, crushing Wall Street’s 52.1% estimate. High Bandwidth Memory revenue reached quarterly record [...]

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