Goldman Sachs: Raises Micron Target Price to $1200, Maintains "Buy" Rating

BlockBeats News, June 25th, Morgan Stanley released a report stating that it has raised Micron Technology's (MU.O) price target from $1050 to $1200, maintaining an "Overweight" rating.

The firm has raised its 2027 earnings per share estimate by approximately 40% to $168 per share, and its free cash flow forecast has been increased from $104 billion to $140 billion.

Morgan Stanley shares the same view as Micron management, believing that AI will continue to significantly outpace supply in DRAM demand after 2027. Micron's performance in the latest quarter aligns with this trend, with both quarterly results and outlook showing significant upside potential.