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UBS Sets $1,625 Price Target for Micron, Calls Recent Decline a Buying Opportunity

2026-07-07 22:13:13

According to UBS, analyst Nicolas Gaudois has set a price target of $1,625 for Micron Technology (MU), calling recent declines a buying opportunity. Micron's stock has risen over 700% in the past 12 months before this week's correction. Gaudois expects DRAM prices to rise 32% in the third quarter of 2026 and another 18% in the fourth quarter. He forecasts DRAM supply shortages will persist through at least the second quarter of 2028, with global DRAM demand projected to grow 36.2% in 2027 while supply increases only 19.3%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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