Micron Stock Get’s New Street-High Price Target: MU A Morgan Stanley Top Pick
Micron Technology stock (NASDAQ:MU) has been on a tear this year, up 180% YTD to significantly outperform broader markets. This morning has seen an upgrade from Morgan Stanley, which has set a new Street-high price target, signaling strong confidence in the company’s future performance.
The catalyst for this renewed enthusiasm stems from Morgan Stanley analyst Joseph Moore’s decision to raise the firm’s price target on Micron to $325 from $220, while maintaining an Overweight rating and designating the stock as a Top Pick. This upgrade is underpinned by expectations of continued double-digit price increases in DDR5 memory, particularly during the fourth quarter and the first quarter of the upcoming year. These increases, according…
