UBS Lifts Micron Price Target to $1,625, Stock Triples YTD
MU•UBS analysts led by Timothy Arcuri lifted Micron Technology’s 12-month price target to $1,625 from $535, triggering a 19.3% stock surge. Micron’s shares have more than tripled this year, pushing its market value past $1 trillion as AI-driven memory demand strengthens.
1. UBS Raises Price Target
Analysts led by Timothy Arcuri at UBS increased Micron’s 12-month price target to $1,625 from $535, citing robust AI-driven memory demand and potential margin expansion.
2. Stock Surge and Valuation
Micron’s shares jumped 19.3% on the upgrade, closing at $895.88, and have more than tripled year-to-date amid renewed investor interest in semiconductor stocks.
3. AI-Driven Memory Demand
The company is capitalizing on a surge in artificial intelligence workloads, with forecasts pointing to continued strength in DRAM and NAND memory markets over the coming quarters.
4. Trillion-Dollar Market Cap
Micron’s market capitalization surpassed $1 trillion, placing it among a select group of tech firms that have crossed this milestone as AI investment fuels chipmaker valuations.
