Bullish
Micron Technology's stock price target raised to $450 by UBS on memory demand.
UBS has increased its price target for Micron Technology (MU) to $450 from $400, citing strengthening memory pricing dynamics across both DRAM and NAND sectors. The firm anticipates that memory supply shortages will persist deeper into 2027 than previously expected, with DRAM potentially remaining undersupplied through Q4 2027 and NAND until Q1 2027.
Key points
- UBS raises Micron's price target to $450, anticipating prolonged memory supply shortages.
- Micron's stock price target raised to $450 by UBS on memory demand.
Sources
AI-generated from public news sources. Not financial advice.
