Micron Surges 3.61% on $2.1B Volume (Rank 26) as UBS Reaffirms Buy Rating and AI Demand Grows

Micron Technology (MU) rose 3.61% on August 28, trading at $122.10 with a volume of $2.10 billion, ranking 26th in market activity. The stock’s performance followed UBS reaffirming a Buy rating with a $155 price target, citing the company’s raised fiscal 2025 fourth-quarter guidance. Analysts highlighted sustained confidence in Micron’s long-term prospects, particularly in AI-driven high-bandwidth memory demand.

Brokerage recommendations for Micron remain strongly bullish, with an average rating of 1.51 (on a 1-5 scale) based on 35 firms. Of these, 25 designated "Strong Buy" and four "Buy," reflecting widespread institutional optimism. However, experts caution that such ratings often reflect institutional biases and should be cross-referenced with independent metrics like earnings revisions.

The Zacks Rank model, which evaluates earnings estimate trends, assigned Micron a #1 (Strong Buy) rating. Recent upgrades to its consensus earnings estimate—increasing 3.6% over a month to $8.04—underscore analysts’ growing confidence in the company’s financial trajectory. This aligns with Micron’s strategic focus on AI infrastructure, which is expected to drive demand for its memory solutions in data centers and advanced computing applications.

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