Micron’s stock reaches a major milestone as UBS slaps on an out-of-sight price target
Semis
UBS has issued a bullish price target on Micron citing 'enhanced' long-term supply agreements that signal durable demand for HBM and NAND, sending MU up 19%+ today to a $1T market cap. The setup is a crowded-long after a monster single-day rip with 54 insider sells in 30 days and consensus already at Strong Buy, suggesting mean-reversion risk outweighs fresh upside.
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Angle
↓ SHORT-7% target+4% stop1-2 weeks
Fade MU near-term after the 19% gap — insider selling, SB-saturated consensus, and a $1T valuation milestone scream 'sell-the-news' into the euphoria.