Micron Technology (MU) PT Raised to Street-hgh $325 at Morgan Stanley, new Top Pick, 'entering uncharted territory'
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Price: $1,051.77 -13.18%
Rating Summary:
50 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
50 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Morgan Stanley analyst Joseph Moore raised the price target on Micron Technology (NASDAQ: MU) to $325.00 (from $220.00) while maintaining a Overweight rating.
The analyst commented: "We are entering uncharted territory, as we have a 2018 style shortage forming but from a much higher EPS starting point; we expect serial upwards revisions to continue, as soon as next week. With $25 in CY26 earnings, moving the stock to Top Pick with street high $325 PT. "
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