Core Insights - Micron Technology, Inc. (NASDAQ:MU) has been upgraded by Morgan Stanley from Equalweight to Overweight, with a price target increase from $160 to $220 due to strong momentum in core DRAM pricing [1][2] Industry Trends - There is a strong demand for servers and storage solutions, leading to concerns about product availability through 2026, indicating potential supply tightness for several quarters [2] - Price increases for server memory, including DDR5 solutions, are expected to be in double digits for Q4 2024 and Q1 2025, suggesting that current forecasts may be conservative [3] Company Overview - Micron Technology, Inc. is recognized as a leading semiconductor technology company, offering a portfolio of high-performance DRAM, NAND, and NOR memory and storage products [4]