Arcuri: Micron's AI-Driven Memory Upswing Has Legs
TL;DR Summary
UBS analyst Timothy Arcuri, after investor meetings, says Micron’s upcycle is durable thanks to AI-driven memory demand, with capacity additions taking a long time and memory shifting from a commodity to a strategic asset. He lifted 2026 and 2027 EPS estimates and raised the price target to $400 (roughly 16% upside) while keeping a Buy rating; overall sentiment among analysts remains bullish, though the average target (~$329) implies some downside risk in the near term.
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