Ge Long Hui·2025-11-25 03:21Core Viewpoint - Morgan Stanley raised the target price for Micron from $325 to $338 and for SanDisk from $263 to $273, citing a significant shortage in the memory market and reaffirming an "overweight" rating [1] Group 1: Price Target Adjustments - Morgan Stanley's analysts increased Micron's target price to $338, reflecting a positive outlook on the company's performance due to market conditions [1] - SanDisk's target price was raised to $273, indicating a similar optimistic view on its future earnings potential [1] Group 2: Market Conditions - Analyst Joseph Moore noted that recent sell-offs in the market appear unjustified, as there is a widespread shortage in memory supply across the industry [1] - The ongoing supply constraints are expected to lead to multiple upward revisions in profit forecasts for the upcoming quarters [1] Group 3: Earnings Forecast Revisions - Morgan Stanley raised its earnings per share forecast for Micron by 15% for the fiscal year 2026, reflecting confidence in the company's ability to navigate the supply challenges [1] - SanDisk's earnings estimates were increased by 20%, further supporting the positive sentiment towards the company's financial outlook [1]