Micron Technology Analyst Turns Positive On Potential For Double-Digit Price Hikes, Higher Earnings
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Micron Technology Inc (NASDAQ:MU) is expected to see significant earnings growth due to anticipated double-digit price hikes, as per Morgan Stanley analyst Joseph Moore. He upgraded the stock rating from Equal-Weight to Overweight and raised the price target from $160 to $220. Concerns over chip availability through 2026, driven by strong demand, suggest tight DRAM supply, potentially leading to price increases in late 2025 and early 2026. Micron's stock rose 2.78% to $193.06, indicating further growth potential.
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