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Morgan Stanley: Raises Micron's Target Price to $1,200, Maintains 'Overweight' Rating
2 day ago /
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Author：小编
Morgan Stanley has raised its target price for Micron Technology from $1,050 to $1,200, while maintaining an 'Overweight' rating. The firm has increased its earnings per share (EPS) forecast for Micron's fiscal year 2027 by approximately 40%, to $168 per share, and lifted its free cash flow projection from $104 billion to $140 billion. Morgan Stanley believes that AI will drive DRAM demand to consistently and significantly outpace supply beyond 2027, a trend reflected in Micron's performance last fiscal quarter, with significant room for improvement in both quarterly results and future outlook.
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