Top Morgan Stanley analyst Joseph Moore raised his price target on Micron (MU) from $325 to a Street-high $338 while keeping his Buy rating. The new price target indicates an upside potential of about 50%. Morgan Stanley believes that MU remains well positioned to benefit from strong demand and rising memory prices.
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Here’s Why Morgan Stanley Is Bullish on MU
Moore said memory supply is tightening faster than expected. He noted that DDR5 DRAM — a newer and faster type of memory used for AI and servers — is seeing the biggest shortage, with some buyers unable to get product even at higher prices.
While consumer NAND is not as tight, the analyst said the overall memory market still shows clear signs of shortage, which could continue to benefit Micron as pricing improves.
Looking ahead, Moore sees Micron in a strong position as pricing improves. He raised his 2026 earnings forecast by 15% and said tight supply and strong AI demand could lead to more earnings upgrades ahead.
It is worth noting that Moore ranks 240 out of more than 10,000 analysts tracked by TipRanks. He has a success rate of 59%, with an average return per rating of 17% over a one-year timeframe.
Is Micron a Good Stock to Buy?
Micron stock has a consensus Strong Buy rating among 29 Wall Street analysts. That rating is based on 26 Buy and three Hold recommendations assigned in the last three months. The average MU price target of $228.68 implies 2.12% upside from current levels.
