Micron Stock Gets Dual Price Target Hikes From Deutsche, UBS Ahead Of Earnings

Micron Technology Inc. (MU) has received price target hikes from two major firms, signaling growing confidence in the memory chipmaker ahead of its upcoming fourth-quarter (Q4) earnings report on September 23. 

Deutsche Bank increased its price forecast for Micron shares to $175 from $155, maintaining a ‘Buy’ rating, as per TheFly. The firm believes that the tight DRAM supply, partly due to high-bandwidth memory consuming a large portion of available capacity, will drive prices higher and support improved margins. 

The firm also pushed back on investor concerns about potential softness in high-bandwidth memory prices in 2026, calling them overstated. UBS lifted its target to $185 from $155, also reaffirming a ‘Buy’ rating. Micron stock inched 0.04% higher in Monday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘high’ message volume levels. 

UBS cited its recent industry checks, which suggest that demand remains solid heading into the first quarter. Specifically, hyperscalers continue to show strong interest in DDR5 server memory. According to the firm, all major cloud providers in the U.S. are actively negotiating long-term agreements that extend into 2026, indicating a strong demand cycle for Micron’s products.

For Q4, the company anticipates revenue of $10.7 billion ± $300 million and an adjusted earnings per share (EPS) of $2.50 ± $0.15, compared to an estimate of $11.08 billion and $2.85, respectively, according to Fiscal AI data. 

Micron Technology stock has gained over 86% year-to-date and over 80% in the last 12 months. 

Also See: China’s Probe On Nvidia: Here’s How Retail Traders Reacted

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