Micron Technology Inc(NASDAQ:MU) analysts lowered near-term price targets on Thursday following the company's first-quarter earnings results. Despite the disappointing quarter, analysts generally remain optimistic for the long term, especially in the High-Bandwidth Memory market.

Micron Q1 Earnings:Micron reported mixed first-quarter results, beating adjusted earnings estimates of $1.76 per share by 3 cents, but narrowly missing on revenue.

Micron also issued weak guidance for the current quarter. The company said it expects second-quarter revenue of $7.9 billion, plus or minus $200 million, versus estimates of $9 billion. Micron sees second-quarter adjusted earnings of $1.43 per share, plus or...