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Stock impact report

Micron price target boosted by UBS as memory “super-cycle” defies norms [Yahoo! Finance]

Micron Technology, Inc. (MU) 
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Company Research Source: Yahoo! Finance
Micron Technology Inc (NASDAQ:MU) shares rose more than 7% on Wednesday amid easing geopolitical tensions in the Middle East, as UBS raised its price target on the memory chipmaker, citing improved pricing and long-term deal potential. The firm upped its price target on ‘Buy'-rated Micron to $535 from $510, implying significant upside from current levels of about $405. “Despite sentiment around memory that has turned very negative post MU's gross margin guidance, we continue to believe we are in the midst of a super-cycle that will likely defy traditional analytical norms for the stock,” the analysts wrote. UBS wrote that its latest industry checks point to continued strengthening in pricing across both DRAM and NAND, with particularly strong momentum in high-bandwidth memory (HBM), a key component used in artificial intelligence workloads. UBS expects HBM pricing improvements to support margin expansion over time. It also highlighted increasing discussions between memory sup Show less Read more
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