Bullish on the continued strength of DRAM prices, Morgan Stanley has significantly raised Micron's target price to $220
Morgan Stanley upgraded Micron's rating from "Hold" to "Overweight," while significantly raising its target price from $160 to $220. The background for this rating adjustment is the continued upward momentum in the prices of core DRAM products, which has exceeded market expectations. According to Morgan Stanley's latest DRAM and NAND channel survey, due to strong demand for servers and storage solutions, buyers are concerned about product supply for the entire year of 2026, and supply is expected to remain tight in the coming quarters. The firm pointed out that server memory products, including DDR5 server solutions, are expected to see double-digit price increases in both the fourth quarter of 2024 and the first quarter of 2025, indicating that current market forecasts may be overly conservative. Despite Micron Technology's recent strong performance, Morgan Stanley still believes there is further upside potential for its stock price. Micron Technology is a leading semiconductor technology company known for its innovative memory and storage solutions, offering a variety of memory and storage products, including high-performance DRAM, NAND, and NOR
According to Zhitong Finance APP, Morgan Stanley has upgraded Micron Technology (MU.US) from "Hold" to "Overweight," while significantly raising its target price from $160 to $220. This rating adjustment comes as the price increase momentum of core DRAM products continues to exceed market expectations.
Morgan Stanley's latest DRAM and NAND channel survey indicates that due to strong demand for server and storage solutions, buyers are concerned about product supply for the entire year of 2026, with expectations that supply will remain tight in the coming quarters.
The firm pointed out that server memory products, including DDR5 server solutions, are expected to see double-digit price increases in both the fourth quarter of 2024 and the first quarter of 2025, suggesting that current market forecasts may be overly conservative.
Despite Micron Technology's recent strong performance, Morgan Stanley still believes there is further upside potential for its stock price.
Micron Technology is a leading semiconductor technology company known for its innovative memory and storage solutions, offering a variety of memory and storage products, including high-performance DRAM, NAND, and NOR
