UBS: Raises Micron Target Price to $1,625, Maintains "Buy" Rating

Odaily Planet Daily News UBS released a report, raising its earnings forecast for Micron Technology (MU.O), stating that long-term agreements have been firmly implemented in most areas of the industry. The bank expects the company's earnings per share between 2027 and 2029 to remain stable above $100. The target price has been raised from $535 to $1,625. The bank raised its adjusted earnings per share forecasts for Micron from 2026 to 2028 by 8-25%, to $63.74, $142.23, and $169.64 respectively. It maintains a "Buy" rating and believes the market will begin to assign a more normal valuation multiple to the stock. (Jin Shi)