UBS Raises Micron Technology (MU) Price Target to $450

Micron Technology Inc. (NASDAQ:MU) is one of the worst AI stocks to invest in according to Reddit. On February 6, UBS analyst Timothy Arcuri raised the firm’s price target on Micron to $450 from $400 and kept a Buy rating on the shares.

On February 1, Phillip Securities analyst Yik Ban Chong initiated coverage of Micron with a Buy rating and a $500 price target, citing strong demand for the company’s high bandwidth memory products. The firm anticipates that Micron will be able to gain market share from SK Hynix as its HBM4 production scales following Q2.

Mizuho also raised its price target on the stock to $480 from $390 on January 27, while maintaining an Outperform rating. The firm expects improved revenues and margins for memory companies in 2026, driven by a projected 330% increase in NAND prices compared to the previous year and a further 50% rise in 2027. This valuation adjustment stems from anticipated price growth occurring while production remains largely flat.

Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and sells memory and storage products internationally. It operates through the Cloud Memory Business Unit, Core Data Center Business Unit, Mobile & Client Business Unit, and Automotive & Embedded Business Unit segments.

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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.