BUZZ-UBS raises Micron Technology PT on memory upcycle

Reuters
2026.01.07 15:22
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UBS raises PT on memory chipmaker Micron Technologyto $400 from $300 New PT implies an upside of 16.5% to the stock’s last close Brokerage notes severe supply shortages and slow capacity additions underpin an extended memory upcycle “Suppliers are now getting paid for best-in-class performance as memory has become a key differentiator within hardware systems (i.e., NVDA’s Blackwell and Blackwell Ultra)” - UBSAvg rating of 46 analysts is “buy;” their median PT is $305 - data compiled by LSEGStock more than tripled in 2025