Micron Technology’s stock could see further upside, according to UBS, as the semiconductor market faces a widening supply-demand imbalance. The investment bank reiterated its “buy” rating on the chipmaker and raised its 12-month price target to $245 per share, up from $225. The new forecast implies a potential 28% rally from Micron’s Wednesday closing price of $191.94. UBS analyst Timothy Arcuri cited a deepening shortage of dynamic random access memory (DRAM) chips and rising demand from multiple sectors as the main...
Saturday 18 October 2025
wn.com - 2 days ago
Micron shares rise 3% after UBS upgrade to $245 amid tight DRAM supply
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