TradingKey – UBS analysts have significantly raised Micron’s price target, boosting bullish market sentiment and pushing its share price back above the $800 mark.

During the pre-market session on May 26, influenced by the UBS rating, Micron Technology ( MU) shares jumped over 7%, once again breaking through the $800 level and approaching the all-time high set in mid-May. As of press time, Micron was trading at $803.76, and whether its share price can set a new record has become a key focus for the market.

Micron stock price chart, Source: TradingView

UBS ( UBS) analyst Timothy Arcuri has not only reshaped Micron’s valuation model, upgrading it from a traditional memory manufacturer to an “AI-native infrastructure giant,” but has also…