Micron gains as Bernstein raises PT on memory price upcycle
ReutersJan 2, 2026 1:09 PM
Memory chipmaker Micron Technology's MU.O shares rise 2.8% to $293.51 premarket
Bernstein raises PT to $330 from $270, a 15.6% upside to stock's last close
Says record price upcycle is the biggest driver for the memory sector
"The pace of the price hike may be ahead of our model & accelerate from 4Q25 to 1Q26" - Bernstein
Average rating of 46 analysts is "buy"; median PT is $300 - data compiled by LSEG
Stock more than tripled in 2025
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