UBS Analyst Raises Micron to $1,625 Target, Up 204%, as Stock Jumps 20% on May 27

According to BlockBeats citing UBS analyst Timothy Arcuri's report on May 27, the analyst raised Micron Technology's 12-month price target to $1,625 from $535, marking the highest Wall Street target for MU (ticker: MNEC historically) while maintaining a 'buy' rating. This jump of 204% reflects Arcuri's view that AI-driven structural changes in memory markets are strengthening pricing power for manufacturers through long-term supply agreements.

Following the report, Micron's stock surged 20% at the market close, pushing its market value past the $1 trillion mark and hitting an all-time high. Arcuri's price target is based on a 15x forward price-to-earnings multiple, underscoring his confidence in sustained earnings growth driven by AI memory demand.