UBS raised its price target for Micron Technology to $450 (up from $400) while maintaining a Buy rating, signaling strong confidence in the company's valuation driven by surging AI demand.
- The upgrade reinforces the Wall Street consensus that Micron is set for significant earnings growth fueled by high-bandwidth memory (HBM) demand for AI data centers.
- This move follows similar bullish actions from other firms, including Mizuho, which recently hiked its target to $480.