Morgan Stanley: Raises Micron Target Price to $1,200, Maintains "Overweight" Rating

Odaily Planet Daily News Morgan Stanley released a report, raising its target price for Micron Technology (MU.O) from $1,050 to $1,200, maintaining an "overweight" rating. The firm raised its fiscal year 2027 earnings forecast by approximately 40% to $168 per share and its free cash flow forecast from $104 billion to $140 billion. The firm agrees with Micron's management viewpoint that AI will cause DRAM demand to significantly outpace supply after 2027. Micron's results for the most recent fiscal quarter are in line with this trend, with both quarterly performance and outlook showing significant upward potential. (Jin Shi)