Micron Technology Pre-Market Up 8% - UBS Calls for Price Doubling Potential!

Micron Technology (MU) could continue its price rally of 714% over the last 12 months, according to analysts. On May 26, the stock was trading pre-market approximately 8% higher again, after UBS analysts significantly raised their price target from $535 to $1,625 (Buy). This indicates the analysts see potential for the stock to double from its current level, justifying this with long-term memory supply agreements. These contracts secure reliable pricing for the company as well as industry-wide visibility of demand. According to UBS, AI-driven structural...