Morgan Stanley, Deutsche Bank Raise Micron (MU) Price Targets

Core Viewpoint - Micron Technology, Inc. (NASDAQ:MU) is experiencing a positive outlook due to rising DRAM prices and supply shortages, leading to increased price targets from major financial institutions [1][2]. Group 1: Price Target Increases - Morgan Stanley raised its price target for Micron from $350 to $450, maintaining an Overweight rating, citing ongoing increases in DRAM prices and supply shortages as key factors [1]. - Deutsche Bank increased its price target for Micron from $300 to $500, keeping a Buy rating, and highlighted tight supply and demand conditions in the memory market as beneficial for the company [2]. Group 2: Market Trends and Earnings Estimates - Deutsche Bank expressed confidence in Micron's ability to capitalize on growth in High Bandwidth Memory (HBM) and improving memory market trends, raising its earnings per share estimate for 2026 to $46.50 [3]. - The DDR5 spot prices have increased by 30% year-to-date and are currently 130% higher than January contract prices, indicating strong market demand [1]. Group 3: Company Overview - Micron Technology, Inc. is recognized as a leading semiconductor technology company, offering a range of high-performance memory and storage solutions, including DRAM, NAND, and NOR products [3].