UBS Lifts Micron (MU) EPS Forecasts on Stronger DRAM and NAND Pricing

Micron Technology, Inc. (NASDAQ:MU) is 1 of the AI Stocks successful the Spotlight for Investors. On December 11, UBS expert Timothy Arcuri raised the terms people connected the banal to $295.00 (from $275.00) portion maintaining a “Buy” rating. Firm expert sees stronger DRAM/NAND pricing, tightening supply, and pre-purchase orders supporting semipermanent borderline expansion.

Arcuri anticipates fourth-quarter 2025 manufacture declaration pricing for DDR representation to summation an estimated 35% quarter-over-quarter, up from the erstwhile 21%. Meanwhile, NAND pricing is apt to emergence astir 20% quarter-over-quarter successful opposition to the earlier projection of 15%.

In continuation of these beardown pricing trends, the steadfast further forecast first-quarter 2026 declaration pricing for DDR representation to boost different 30% quarter-over-quarter and NAND pricing to emergence 20%.

Prices successful antithetic representation types are besides apt to emergence owed to choky supply. This important “undersupply” successful DRAM and NAND representation is apt to past until the archetypal 4th of 2027 and the 4th fourth of 2026. As a result, customers whitethorn unafraid volumes and declaration pricing earlier successful the quarter.

“We emblem an adjacent stronger pricing situation successful some halfway DRAM and NAND than we had antecedently assumed,” helium wrote. “Against this backdrop of tightening supply, we locomotion EPS estimates higher yet again and spot EPS of ~$38 retired successful C2027E, justifying a PT of $295 (up from $275).”

Leaving gross and net expectations for Micron’s fiscal archetypal 4th unchanged, the expert believes that the estimates were “well up of the company’s guidance and practically each driven by amended pricing.”

Micron Technology, Inc. (NASDAQ:MU) develops and sells representation and retention products for information centers, mobile devices, and assorted industries worldwide.

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