Micron price target raised to $520 from $450 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Micron (MU) to $520 from $450 and keeps an Overweight rating on the shares. Guidance of $19.15 EPS versus consensus at $12 was “more bullish than most of what we heard from investors,” making the stock reaction after hours “a little surprising,” the analyst says. However, the debate is “more about duration than peak amplitude,” adds the analyst, who is “positive about that debate.” For next quarter, the firm models close to company guidance and for FY26 its revenue and EPS estimates move up from $86.08B and $41.89 to $110.49B nad $59.36, respectively.