Micron Jumps 12% After Price Target Raise From $535 to $1,625: Here’s What’s Driving Wall Street’s Most Bullish Target Quick Read – Micron (MU) stock rallied 12% to $843 after UBS raised its price target to $1,625, implying a double from current levels, with the firm projecting…
S exceeding $100 through at least 2029 as AI-driven structural changes strengthen the durability of long-term memory supply agreements. – Micron’s Manassas facility began producing 1-alpha DRAM while fiscal Q1 2026 revenue hit $13.64B (up 57% year over year), with the company’s Cloud Memory Business Unit nearly doubling to $5.28B at 66% gross margins. – UBS is positioning its upgrade as a multiple rerating call based on the belief that AI has permanently reshaped memory market fundamentals, making Micron’s earnings more durable and justifying higher valuations than historical memory cycles. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today
Shares of Micron Technology (NASDAQ:MU) are up 12% to $843 after UBS raised its price target on MU stock to $1,625 from $535. The firm maintained its Buy rating, and the new figure now stands as the most bullish target on Wall Street. The magnitude of the raise is the story.
UBS analyst Timothy Arcuri pushed his Micron stock price target well above the prior Wall Street high, as 39 of 44 firms already rate MU stock a Buy or higher, with 4 at Hold and 1 at Sell. The new target implies that Micron stock should double from current levels. Retail sentiment around the stock read as neutral over the last 24 hours, with some users speculating about a future dividend increase or stock split.