According to Jin10, UBS increased its target price on Micron Technology, marking a sharp revision in its valuation outlook for the company.
UBS raised its price target for Micron Technology to $1,625 from $535, according to Jin10. The update signals a significant change in the bank’s valuation view on the company. The source did not provide further details on the reasons for the revision, timing beyond the report, or any related rating change.