Micron closes in on $1 trillion market value as UBS triples share price target
Key takeaways
- • UBS raised the price target more than threefold to $1,625 from the earlier $535, compared with the stock s Friday close of $751.
- • The brokerage said the emergence of long-term agreements across the industry, locking in volumes and partially fixing prices could stabilize Micron s historically volatile earnings profile.
- • These deals are expected to cover a growing portion of DRAM supply, providing greater demand visibility and reducing pricing swings, according to the brokerage.
Micron closes in on $1 trillion market value as UBS triples share price target Reuters Tue, May 26, 2026 at 9:16 PM GMT+7 2 min read MU UBS May 26 (Reuters) - Shares of Micron Technology climbed about 14.2% in early trading on Tuesday after brokerage UBS sharply raised its target price for the stock citing stronger AI demand and long-term supply deals, taking the chipmaker closer to $1 trillion in market value.
The revised target - the highest among the 46 brokerages covering the stock - implies a potential valuation of close to $1.8 trillion for the company by the next twelve months, compared with a market capitalization of $846.93 billion as of close on Friday.
• UBS raised the price target more than threefold to $1,625 from the earlier $535, compared with the stock s Friday close of $751.