UBS triples Micron PT to $1,625, sees $1.8T valuation on AI demand, stable earnings
MU has more than doubled off its 52-week low of $90.93 on light trading volume (0.4× avg).
Summary
UBS has significantly raised its price target for Micron Technology to $1,625 from $535, implying a potential valuation of $1.8 trillion. This follows a period of strong performance and demand for Micron's memory products, particularly High Bandwidth Memory (HBM) driven by artificial intelligence. The brokerage cited the emergence of long-term supply agreements across the industry, which are expected to stabilize Micron's historically volatile earnings profile and justify a higher valuation multiple, closer to peers like Nvidia.
At the time of this announcement, MU was trading at $853.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $962.9B. The 52-week trading range was $90.93 to $861.47. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.