Nasdaq memory stock Micron (NASDAQ: MU) has had an incredible run. Over the last year, it’s soared around 850%. Can it keep rising?

Analysts at UBS clearly think so – check out their latest price target.

A massive increase

UBS’s new price target for Micron is $1,625. That represents a huge increase – their old target was just $535 (that kind of increase is almost unheard of).

It also represents a huge potential gain from here. If it was to come to fruition, investors could be looking at a gain of almost 80%.

A game-changer for Micron

In its research note, UBS analyst Timothy Arcuri said that long-term supply agreements with hyperscalers are now firmly in place across most of…