Morgan Stanley raised its Micron price target to $1,200 from $1,050 and maintained an Overweight rating. It raised FY2027 EPS about 40% to $168 per share and lifted its FY2027 free cash flow forecast to $140bln from $104bln. Morgan Stanley said it co

2026-06-25

Morgan Stanley raised its Micron price target to $1,200 from $1,050 and maintained an Overweight rating. It raised FY2027 EPS about 40% to $168 per share and lifted its FY2027 free cash flow forecast to $140bln from $104bln. Morgan Stanley said it concurs with Micron management that AI-driven demand will cause DRAM demand to materially exceed supply after 2027.