UBS: DRAM Supply Shortages Deepen, Micron (MU) EPS Could Hit $30

Micron Technology, Inc. (NASDAQ:MU) is one of the AI Stocks Analysts Are Watching Closely. On October 16, UBS reiterated the stock as “Buy” and raised its price target on shares of Micron from $225 to $245.

The firm believes that memory shortages are acute and worsening, particularly in DRAM. It now sees 2026 EPS close to $30.

“Our latest round of industry checks points to a very robust demand environment being met by acute and worsening DRAM supply shortages – we are increasing pricing once again, now see C2026E EPS power approaching $30, and raising PT from $225 to $245.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells memory and storage products for data centers, mobile devices, and various industries worldwide.

READ NEXT: 10 AI Stocks Every Investor Should Watch and 10 AI Stocks in Focus on Wall Street

Disclosure: None.