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. While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks Every Investor Should Watch and 10 AI Stocks in Focus on Wall Street Disclosure: None.