Micron stock (NASDAQ: MU) fell more than 3.5% on Tuesday after a blistering rally that saw the stock more than double from its November low. The pullback reflects classic profit-taking after a steep r... ...

Core Viewpoint - Barclays has raised its 12-month price target on Micron stock to $450 from $275, indicating a significant bullish outlook on the company's future performance [1] - Wells Fargo has also increased its target for Micron stock to $410, reflecting a positive sentiment in the market [1] Company Summary - The new price target set by Barclays represents a substantial increase of approximately 63.64% from the previous target [1] - Wells Fargo's revised target indicates a notable increase, suggesting confidence in Micron's growth potential [1]

Core Insights - Micron Technology reported record revenue of $13.64 billion in its first fiscal quarter of 2026, indicating strong performance in the semiconductor industry [1] - The company experienced robust year-over-year earnings growth, reflecting positive market conditions and demand for memory products [1] - Analyst consensus forecasts suggest continued growth for Micron, highlighting optimism about the company's future performance [1]

Core Insights - Micron's stock price experienced a significant bull run in 2025, becoming the top gainer in both the Nasdaq 100 and S&P 500 indices [1] - The stock reached a record high of $294, a substantial increase from the year-to-date low of $6 [1]