Overview
- UBS raised Micron’s target to $400 from $300 and boosted EPS estimates to $45 for 2026 and $60 for 2027 after meetings with company leadership.
- Piper Sandler also set a $400 target, highlighting a supply picture that is already spoken for and reinforcing expectations for further upside.
- Micron reports it can meet only 50%–75% of demand from top customers, with next year’s high‑bandwidth memory output already committed.
- The company is accelerating U.S. expansion with a New York megafab slated to break ground in January 2026 to add advanced memory capacity.
- Industry signals point to broad tightness as SK Hynix says 2026 supply is sold out and Samsung has lifted key memory prices by as much as 60%.