Read How Analysts Reacted to Micron Post Q1 Earnings

Micron Technology's solid-state drive for data center customers is presented at a product launch event in San Francisco, Calif., on Oct. 24, 2019. Stephen Nellis/Reuters

Analysts hailed Micron Technology Inc.’s Q1 results and Q2 outlook by lifting their price targets on the stock.

Micron reported Q1 revenue of $7.69 billion, up 33.2 percent year-on-year, above the consensus of $7.67 billion. Adjusted EPS of $2.16 beat the consensus of $2.11.