Analyst Bullish on Micron (MU) Ahead of Earnings, Highlights Memory Market Strength
UBS analyst Timothy Arcuri raised Micron's price target to $185, citing robust demand for server DDR5 and NAND solutions from hyperscalers. The memory giant's upcoming FQ4 results are expected to reflect ongoing industry strength, with long-term agreements extending into 2026.
Market Optimism aligns with Micron's August guidance revision, as hyperscalers increasingly bundle DDR5 and SSD deals. Enterprise SSD demand remains a key growth driver, particularly for US cloud providers securing capacity through 2026.