UBS lifts target to $450, Mizuho to $480 as NAND prices forecast to rise 330%
UBS raises its Micron target to $450 from $400, as Phillip Securities initiates coverage with a $500 target citing high-bandwidth memory demand. Mizuho lifts its target to $480 from $390, forecasting a 330% NAND price surge in 2026 and a 50% rise in 2027 while production stays flat.
1. Analyst Price Target Updates
UBS raised its price target on Micron to $450 from $400 and maintained a Buy rating. Phillip Securities initiated coverage with a $500 target citing robust high-bandwidth memory demand, while Mizuho increased its target to $480 from $390 and held an Outperform rating.
2. NAND Price Outlook
Mizuho projects a 330% increase in NAND prices in 2026 followed by a 50% rise in 2027, attributing the gains to constrained supply and flat production. These price moves are expected to drive revenue and margin expansion for memory chipmakers.
3. Market Share and Demand Trends
Strong demand for high-bandwidth memory products and scaling HBM4 output post-Q2 are seen as catalysts for Micron to capture share from competitors. These factors support the bullish stance across multiple analyst firms.