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Micron Stock Surges, Morgan Stanley Says There's More Room To Run
Micron Technology (NASDAQ: MU) stock is rising after Morgan Stanley reiterated its Overweight rating and increased its price target from $350 to $450, citing continued DRAM price strength and supply shortages. Other analysts, including Mizuho, TD Cowen, and Stifel, also maintained positive outlooks and raised their price targets for Micron, indicating strong consensus for the company’s performance. The company is also planning a new investment in NAND flash production in Singapore, signaling expectations for sustained long-term demand.