Key Points According to a UBS analyst, share buybacks and long-term contracts can keep Micron's profits elevated even when memory prices start to fall. Micron is expected to report a 352% increase in revenue and a 10x jump in earnings per share when it reports Q4 earnings next week. Based on forward earnings, the stock looks cheap, trading at less than 7 times 2027 expected EPS. 10 stocks we like better than Micron Technology › The Wall Street analyst who sparked a breakout rally in Micron (NASDAQ:MU) stock back in May is back with an update. UBS's Timothy Arcuri reiterated his buy rating and price target of $1,625 in a note this week, ahead of the memory-chip maker's fourth-quarter earnings report on Sept. 30. Missed AI’s "Act 1"?
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