UBS Maintains Micron 'Buy' Rating with $1,625 Target Price

According to a UBS research report dated September 23, 2026, Micron Technology maintains a 'buy' rating with a target price of $1,625, representing a 48% upside from the September 22 closing price. UBS forecasts FQ4 revenue of $52.4 billion and expects FQ1 revenue guidance between $58 billion and $59 billion. The firm cites a widening DRAM supply-demand gap and significant growth in server memory demand as key drivers. Share buyback restrictions are scheduled to lift on December 9, 2026, with programs expected to start in February 2027.