Morgan Stanley: Raises Micron Target Price to $1200, Maintains "Overweight" Rating

Odaily Planet Daily News Morgan Stanley released a report, raising its target price for Micron Technology (MU.O) from $1050 to $1200, maintaining an "overweight" rating. The firm raised its fiscal 2027 earnings per share forecast by approximately 40% to $168 per share, and its free cash flow forecast was raised from $104 billion to $140 billion. The bank shares Micron management's view that AI will cause DRAM demand to significantly outstrip supply after 2027. Micron's performance in the last fiscal quarter aligned with this trend, with both quarterly performance and outlook showing significant upside. (Jin Shi)