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UBS boosts Micron outlook with higher target and strong buy stance
UBS raised its Micron price target to $110 and reiterated a Strong Buy rating, highlighting stronger memory cycles, margin gains, and AI-led demand growth.
UBS reaffirmed its Strong Buy rating on Micron Technology and lifted its price target to $110 from $95, citing stronger DRAM and NAND cycles and improving profitability. The firm noted Micron is positioned to benefit from rising AI-driven memory demand and tightening semiconductor supply. UBS expects revenue acceleration through 2026, supported by margin expansion and sustained product momentum despite recent volatility across the broader chip sector.