For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
UBS said Micron is expected to benefit from long-term memory supply agreements that could lock in pricing and demand visibility across much of the industry.\n<\/p>\n
The firm believes MU will continue to re-rate higher as more details emerge about the structural changes Al has driven to the entire memory complex.Thirty-nine of the 44 analysts rated MU stock a \u2018Buy\u2019 or higher, four rated it a \u2018Hold,\u2019 and one rated it a \u2018Sell,\u2019 according to Koyfin data.On Friday, Micron announced it had begun producing 1-alpha DRAM in the U.S.<\/p>\n
Shares of Micron Technology (MU) are in focus on Tuesday after UBS more than doubled its price target on the stock, becoming the most bullish Wall Street analyst on the chipmaker.<\/p>\n
At the time of writing, MU stock was up 8% premarket and was trending among the top 10 tickers on Stocktwits.<\/p>\n
UBS said Micron is expected to benefit from long-term memory supply agreements that could lock in pricing and demand visibility across much of the industry, supporting significantly higher earnings and free cash flow forecasts through 2029 as AI-driven structural changes improve the durability and stability of the memory market, according to TheFly.<\/p>\n
\u201cWe believe the market will start to put a more ‘normal’ multiple on the stock, and MU will continue to re-rate higher as more details emerge about the structural changes Al has driven to the entire memory complex,\u201d UBS said in its research note.<\/p>\n
UBS also expects the company’s earnings per share to exceed $100 at least until 2029, supported by its long-term agreements. The firm maintained its \u2018Buy\u2019 rating and set a price target of $1,625, up from $535, implying more than 113% upside based on the stock\u2019s Friday closing price.<\/p>\n
The aggressive price target hike follows its recent expansion in manufacturing. On Friday, Micron said its Manassas, Virginia, facility has begun producing 1\u03b1 (1-alpha) DRAM, which it claims is the \u201cmost advanced memory ever produced in the United States.\u201d<\/p>\n
U.S. President Donald Trump\u2019s recent praise for the company also added to the stock\u2019s current rally. \u201cMicron is great,\u201d Trump said on Friday.<\/p>\n
On Stocktwits, retail sentiment toward MU stock was \u2018neutral\u2019 over the last 24 hours, with many users noting the increase in price target.<\/p>\n
One user on the platform said that rerating is happening quickly.<\/p>\n
Another user said they expect \u201ca nice dividend rise and a stock split\u201d in the near future.<\/p>\n
Notably, 39 of the 44 analysts rated it a \u2018Buy\u2019 or higher, four rated it a \u2018Hold,\u2019 and one rated it a \u2018Sell,\u2019 according to Koyfin data.<\/p>\n
MU stock<\/a> has more than doubled in value so far this year and has risen nearly eightfold over the last 12 months, outperforming the S&P 500, the VanEck Semiconductor ETF (SMH), and the iShares Semiconductor ETF (SOXX).<\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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