BUZZ-UBS raises Micron Technology PT on memory upcycle
Reuters
Jan 07
BUZZ-UBS raises Micron Technology PT on memory upcycle
** UBS raises PT on memory chipmaker Micron Technology MU.O to $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)" - UBS
** Avg rating of 46 analysts is "buy;" their median PT is $305 - data compiled by LSEG
** Stock more than tripled in 2025
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.