Micron’s stock soars as UBS slaps on an out-of-sight price target
Semis
UBS has slapped an outsized price target on Micron, citing 'enhanced' long-term supply agreements driven by strong memory chip demand that should meaningfully boost earnings power. The stock is up ~19% today and just crossed a $1T market cap, creating a classic 'buy the news, fade the squeeze' setup as insider selling accelerates into the rip.
0 reads·1 theses
Angle
↓ SHORT-12% target+5% stop2-3 weeks post-catalyst
Fade the MU post-catalyst squeeze — 54 insider sells in 30 days into a $1T valuation pop screams distribution, not accumulation.