Micron Technology Soars 5.68% on Bullish Forecasts

On May 12, 2025, Micron Technology's stock price surged by 5.68% in pre-market trading, indicating a strong bullish sentiment among investors.

Micron Technology has seen a significant increase in its stock price, driven by positive forecasts and analyst ratings. The company's stock has a consensus rating of "Moderate Buy" with a target price of $126.48, reflecting optimism about its future performance. Analysts have set a price target range for Micron Technology, with the highest target at $200.00 and the lowest at $67.00, indicating a potential upside of 47.31%.

One of the key drivers behind the stock's rise is Micron's expectation of generating "multiple billions of dollars of revenue" from the sale of high-bandwidth memory chips in its new fiscal year. This revenue stream is anticipated to significantly boost the company's financial performance and investor confidence.