The DRAM Shortage to Extend Into 2028. This Means Micron Stock Could Easily Double From Here.

In the last 12 months, Micron (MU) stock has doubled investors’ money three times, resulting in an 8x return. If recent analyst commentary is anything to go by, the stock could double once more. That's what analysts at UBS are predicting with their price target of $1,625, which offered more than 100% upside at the time the call was given. The stock isn’t slowing down, and in the first half of the trading day, it registered a 20% gain.

As the semiconductor supply chain faces increasing scrutiny, investors are getting a much clearer picture regarding future demand and price visibility. UBS’ upward target price revision comes on the back of a similar development. The firm has noticed that the trend of long-term memory supply agreements points to increasing demand at least till 2029, resulting in healthy earnings and cash flows for the company.