UBS Raises Micron’s Price Target to $400 on AI Memory Demand Surge
UBS has elevated Micron Technology's price target to $400 from $300, maintaining a Buy rating as AI-driven memory demand reshapes market dynamics. The semiconductor giant can only fulfill 50-75% of orders from key clients due to supply constraints, signaling unprecedented sector pressures.
Analyst Timothy Arcuri's revised estimates project 2026 EPS at $45 (up from $41) and 2027 at $60 (from $42), reflecting DRAM's transformation from commodity to strategic asset. Micron's 237% annual surge eclipses most large-cap tech peers, with AI workloads commanding premium pricing power.