MU Stock Alert: Micron Just Joined the Trillion-Dollar Club

MU Stock Alert: Micron Just Joined the Trillion-Dollar Club Wajeeh Khan Tue, May 26, 2026 at 10:34 PM GMT+2 2 min read MU NVDA Micron (MU) stock is charging higher on Tuesday as UBS analysts led by Timothy Arcuri nearly tripled their price target on the memory chips specialist to $1,625. The upward momentum pushed MU’s market cap above the coveted $1 trillion mark, making it the 11th U. S.

company to have hit that milestone. More News from Barchart Berkshire Hathaway Buys Macy’s After 60 Years Away From Department Stores. M Stock Offers Real Estate, Dividends, and an Interesting Twist.

Investors Pile Into Tesla Call Options in Huge, Unusual Volume - a Bullish Signal? Billionaire Philippe Laffont Is Betting Big on ASML Stock as UBS Declares It the ‘Top Chip Stock’ in Europe Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.

Year-to-date, Micron stock is up an exciting 185% as artificial intelligence (AI) tailwinds continue to pour capital into the memory-centric names. www. barchart.

com UBS Sees Micron Stock as Undervalued Even after the explosive surge, MU shares are going for less than 13x forward earnings at writing, which represents a significant discount to Nvidia (NVDA) at about 27x. However, there’s every reason for Micron to command a similar price-to-earnings (P/E) multiple as NVDA. Why?

Because memory has evolved from a cheap commodity into the core bottleneck of artificial intelligence infrastructure, the UBS analyst told clients in a research note today. Timothy Arcuri’s upwardly revised price target suggests Boise-headquartered Micron Technology Inc could nearly double again over the next 12 months. And technicals substantiate his view; MU currently sits decisively above its key moving averages (MAs), indicating a strong uptrend that’s unlikely to fade in the absence of a meaningful catalyst.

LTAs to Drive MU Shares Higher in 2026 UBS now sees Micron’s cumulative free cash flow between 2027 and 2029 to hit an astronomical $400 billion, with annual per-share earnings (EPS) scaling past $100. Analyst Timothy Arcuri is particularly constructive on the company’s new enhanced LTAs, which offer higher cross-cycle ROIC and “improved visibility into now-committed customer demand. ” Because MU’s high-bandwidth memory (HBM) is sold out through 2026, these long-term contracts guarantee a high earnings floor, shielding the firm from the brutal downcycles of the past.

Note that Micron shares pay a small dividend as well, which makes them even more attractive as a long-term holding. Micron Remains Buy-Rated Among Wall Street Firms Heading into Tuesday, Wall Street had a consensus “Strong Buy” rating on MU stock with a mean price target of roughly $628. Story Continues However, it’s reasonable to assume that upward revisions like that of UBS may follow in the weeks ahead.

www. barchart. com On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article.

All information and data in this article is solely for informational purposes. This article was originally published on Barchart.