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

Odaily Planet Daily News Morgan Stanley released a report, raising the target price for Micron Technology (MU.O) from $1,050 to $1,200, 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 from $104 billion to $140 billion. The firm, in agreement with Micron management, believes that AI will cause DRAM demand to significantly outpace supply after 2027. Micron's last fiscal quarter performance was in line with this trend, with both quarterly performance and outlook showing significant upside potential. (Jinshi)