UBS Analyst Bets Big on Micron, Triples Price Target to $1,625

UBS raised its Micron price target from $535 to $1,625 in January 2026—well ahead of 46 other analysts. The call reflects a structural bet: that demand for memory chips powering AI data centers will remain strong and command premium prices. SK Hynix's October guidance on a prolonged memory cycle lends weight to that view.