UBS Raises Micron Technology (MU) Price Target to $450

Micron Technology Inc. (NASDAQ:MU) is one of the worst AI stocks to invest in according to Reddit. On February 6, UBS analyst Timothy Arcuri raised the firm’s price target on Micron to $450 from $400 and kept a Buy rating on the shares.

On February 1, Phillip Securities analyst Yik Ban Chong initiated coverage of Micron with a Buy rating and a $500 price target, citing strong demand for the company’s high bandwidth memory products. The firm anticipates that Micron will be able to gain market share from SK Hynix as its HBM4 production scales following Q2.

Mizuho also raised its price target on the stock to $480 from $390 on January 27, while maintaining an Outperform rating. The firm expects improved revenues and margins for memory companies in 2026, driven by a projected 330% increase in NAND prices compared to the previous year and a further 50% rise in 2027. This valuation adjustment stems from anticipated price growth occurring while production remains largely flat.

UBS Raises Micron Technology (MU) Price Target to $450

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products internationally. It operates through the Cloud Memory Business Unit, Core Data Center Business Unit, Mobile & Client Business Unit, and Automotive & Embedded Business Unit segments.

While we acknowledge the potential of MU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.