UBS Raises Micron Price Target to $1,625, Implies $1.8T Valuation
MU•UBS raised its Micron price target from $535 to $1,625, implying roughly 115% upside and a potential $1.8 trillion market capitalization. Shares climbed over 10% to record intraday highs, marking the 30th such peak this year as AI-driven demand boosts earnings visibility.
1. UBS Price Target Surge
UBS analyst Timothy Arcuri lifted Micron’s 12-month price target from $535 to a Street-high $1,625, reflecting expectations that AI-driven memory demand warrants a more normalized valuation multiple.
2. AI Drives Valuation Shift
The upgrade is based on AI workloads providing Micron with firmer demand visibility and more stable pricing in DRAM and NAND markets, reducing historical boom-and-bust cycles.
3. Stock Reaction
Shares surged over 10% at the open, reaching a record intraday high—the 30th of the year—while the Philadelphia Semiconductor Index also hit a fresh peak.
4. Market Cap Ranking
At a $1,625 share price, Micron’s market capitalization would approach $1.8 trillion, positioning it among the top seven U.S. companies by value, ahead of Tesla, Meta and Berkshire Hathaway.
