Micron Technology (MU) PT Raised to Street-hgh $325 at Morgan Stanley, new Top Pick, 'entering uncharted territory'

Morgan Stanley analyst Joseph Moore raised the price target on Micron Technology (NASDAQ: MU) to $325.00 (from $220.00) while maintaining a Overweight rating.

The analyst commented: "We are entering uncharted territory, as we have a 2018 style shortage forming but from a much higher EPS starting point; we expect serial upwards revisions to continue, as soon as next week. With $25 in CY26 earnings, moving the stock to Top Pick with street high $325 PT. "

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