The Micron inventory value goal from UBS sits at $1,625 a share, and UBS additionally reiterated that quantity on August 10, 2026, proper after analyst Timothy Arcuri saved his Purchase score on Micron Expertise unchanged. This Micron UBS value goal builds on a structural reset within the firm’s earnings energy, and it additionally leans on EPS staying above $160 throughout calendar 2029, plus greater than $450 billion in cumulative free money move by 2028. On the time of writing, this Micron inventory UBS name is the very best value goal anyplace on Wall Avenue for the chipmaker, and that alone is a giant cause the value goal retains popping up in buying and selling desk chatter at present. Search curiosity across the Micron inventory value goal has additionally picked up quick this week.
Micron Inventory Worth Goal, UBS Outlook And AI Development Forecast
Why UBS Is Staying Bullish On Micron Inventory
Micron inventory bullish sentiment at UBS additionally comes from an AI {hardware} wave moderately than the previous growth and bust reminiscence cycle, and UBS put collectively the observe behind this value goal bump after trade checks wrapped up in early August. UBS now expects trade NAND income close to $300 billion in calendar 2026 and about $495 billion in 2027, and that forecast is what pushed Arcuri to trim a couple of close to time period numbers even whereas getting extra assured on the larger, multi 12 months story, an outlook UBS retains circling again to at any time when it explains the Micron inventory value goal shift.
Timothy Arcuri, UBS analyst, stated:
“We’re making slight changes to our mannequin following our newest spherical of trade checks, the web of which is that we barely trim estimates within the near-term as a result of a wider vary of potential pricing outcomes for NAND by year-end and into C1H27…we now forecast trade income of ~$300B in C2026 and ~$495B in C2027. Internet, for MU we alter C2026/C2027/C2028 EPS to $74.13/$184.89/$265.65, all nonetheless effectively above consensus – with the larger level right here being that our estimates mirror MU EPS remaining >$160 in C2029 and the corporate producing >$450B cumulative FCF by C2028. To us, this more and more appears like a structural reset in earnings energy – the place this sort of sturdiness/visibility ought to command a shift towards a broader semiconductor a number of. We keep our $1,625 PT primarily based on ~11x NTM P/E on our C2029 EPS of ~$165 (1-yr discounted), and reiterate Purchase.”
MU Inventory Worth Goal And Valuation Particulars
The MU inventory value goal of $1,625 rests on near 11 occasions subsequent twelve month value to earnings, and it applies to Micron’s projected calendar 2029 EPS of round $165 after a one 12 months low cost. Up to date EPS numbers for calendar 2026, 2027 and 2028 now sit at $74.13, $184.89 and $265.65 a share, all above what Wall Avenue had penciled in, and in addition effectively forward of the place estimates sat simply months in the past. Micron shares have been altering arms close to $876.16 on the time of writing, an 85.47% climb in need of the brand new goal, and this Micron inventory UBS hole is among the widest anyplace on the Avenue proper now, which is precisely why merchants hold citing the value goal in earnings previews.
What Comes Subsequent For Micron Inventory
Threat nonetheless sits contained in the Micron inventory value goal story, and this UBS view additionally flagged a wider vary of potential NAND pricing outcomes working into the primary half of calendar 2027. Micron has principally bought out its HBM and enterprise DRAM capability clear by the tip of 2027, and gross margins reached 84.9% final quarter as AI server demand saved climbing. Whether or not this Micron inventory bullish case holds up, or the MU inventory value goal ceiling finally ends up too excessive, comes all the way down to hyperscaler AI spending and clear execution on the trickier excessive layer HBM output.
For now, the Micron UBS value goal stands as the very best quantity on Wall Avenue, and the talk over sturdiness versus the previous cyclical sample rages on. That leaves the Micron UBS value goal, and this Micron inventory bullish thesis, as one of many extra intently watched calls in chips proper now, a simple one to regulate this week.
