Micron Technology Inc. (NASDAQ:MU) is one of the best performing S&P 500 stocks in 2025. Deutsche Bank raised Micron’s price target to $300 from $280 after a strong earnings report and outlook, highlighting strength in pricing and gross margins, technical execution, and capital discipline.

In its FQ1 2026 earnings report, Micron achieved $13.6 billion in total revenue, a 57% increase YoY, driven by AI-driven demand. The company reported a non-GAAP EPS of $4.78, up 58% sequentially, with DRAM revenue at $10.8 billion and NAND revenue at $2.7 billion.

Micron dominated the HBM market in the report, finalizing price and volume agreements for its HBM supply through 2026. The company forecasts a TAM of $100 billion for HBM by 2028 and projects a revenue of $18.7 billion and non-GAAP EPS of $8.42 for FQ2 2026.

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products globally. While MU shows investment potential, other AI stocks may offer greater upside with less downside risk. For an undervalued AI stock benefiting from tariffs and onshoring, check out our free report.

Disclosure: None. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Deutsche Bank Applauds Micron’s (MU) Consistent Execution and Technical Leadership Following Record Results