UBS Raises Micron Price Target to $300

UBS analyst Timothy Arcuri raised the price target on Micron Technology (NASDAQ: MU) to $300 (from $295) while maintaining a Buy rating.

“MU reported strong results and guided well above even our high-end Street and any of the investor bogeys we heard into the call.

Forward commentary also suggests gross margin will continue to move higher through C2026 – enough of a runway for the bias on the stock to remain to the upside, especially as our C2026 EPS moves to the ~$40 range.

A momentum investor would rightly argue that this is as good as it gets in terms of upward revisions, but memory is becoming a key strategic asset in an AI-driven world and we think the cycle proves more durable than traditional consumer-led cycles so we are not getting off this train yet.

Net, we raise C2026 to ~$41 and C2027 to ~$42 and PT from $295 to $300.”

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