Bullish
Micron Technology's stock price target raised to $1,625 by UBS after checks.
UBS has reiterated its "Buy" rating for Micron Technology (NASDAQ: MU) and maintained a price target of $1,625 following recent industry checks. The firm slightly adjusted its model, trimming near-term estimates due to a wider range of potential pricing outcomes for NAND through year-end and into the first half of 2027. UBS now forecasts industry NAND revenue of approximately $300 billion in 2026 and approximately $495 billion in 2027.
Key points
- UBS maintains a "Buy" rating and $1,625 price target for Micron.
- Slight adjustments made to near-term estimates due to NAND pricing uncertainties.
- Industry NAND revenue forecasted at $300 billion in 2026 and $495 billion in 2027.
Sources
AI-generated from public news sources. Not financial advice.
