Micron $MU jumps +7% today after UBS raised the target price from $510 to $535



"Major tech companies are now racing to sign long-term contracts with Micron that include upfront payments and commitments to large quantities to ensure they get chips"

"We believe that by this time next year, Micron's tangible book value will be around $180 per share, with the company holding cash exceeding $100 billion. There is increasing evidence supporting our conviction in the sustainability of this upcycle, as supply shortages could continue until 2028, especially in the DRAM segment"

The analyst raised their earnings forecast for 2027 to $135, compared to the market consensus of only $103

$MU
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MU3,69%
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