UBS raising Micron PT to $1,625; 30% of DDR volumes locked in at favorable pricing via LTAs.
Long-term supply agreements locking in volume at stable pricing support Micron upside; UBS PT increase
"Our supply chain work on Long Term Agreements (LTAs) across the memory industry suggests that up to 30% of DDR volumes industry-wide will be soon locked in at pricing that is just slightly below current levels" HOLY SMOKES
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +3.6% | +3.6% |
| 1 week | +18.8% | +17.6% |
| 1 month | +35.5% | +37.6% |
| 3 months | — | — |
| 6 months | — | — |