Morgan Stanley Micron · MU

Morgan Stanley Raises Micron Price Target to $338

Analyst: Joseph Moore 1 min read Reproduced verbatim
Rating
Overweight
Target
$338
from $325 (+4%)
Outcome
Reached
on January 6, 2026
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What the analyst said

Morgan Stanley analyst Joseph Moore raised the price target on Micron Technology (NASDAQ: MU) to $338 (from $325) while maintaining an Overweight rating.

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MU trades at $656. The 27 analysts who set a target in the last 3 months range from $1,200 to $3,000, with a median of $1,540. This $338 target is 78% below the median, the lowest on the Street.

Since the note MU has moved +217% (from $207). 12-month window: day 346 of 365, closes on November 24, 2026.

Track record

This call✓ Target reached on January 6, 2026, 43 days after the note.

Firm track recordMorgan Stanley: 82% of its 49 targets at least a year old were reached within 12 months (#8 of 26 firms); on Micron, 5 of 5. Accuracy ranking →

Morgan Stanley on Micron

Morgan Stanley price targets on Micron

8 calls from May 7, 2025 to February 11, 2026. The target went from $98 to $450 (+359%). The rating moved from Hold to Buy.

Morgan Stanley targetMU share price
  1. February 11, 2026Target raised from $350 (+29%)Buy$450
  2. December 18, 2025Target raised from $338 (+4%)Buy$350
  3. November 24, 2025 This noteTarget raised from $325 (+4%)Buy$338
  4. November 13, 2025Target raised from $220 (+48%)Buy$325
  5. October 6, 2025Upgraded to Buy, target raised from $160 (+38%)Buy$220
  6. September 22, 2025Target raised from $135 (+19%)Hold$160
  7. June 26, 2025Target raised from $98 (+38%)Hold$135
  8. May 7, 2025Earliest call shownHold$98
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Other analysts on Micron

Bank of AmericaBuy Kept rating Oct 26 DA DavidsonBuy Kept rating and price target Oct 22 $3,000maintained CantorBuy Kept rating and price target Oct 20 $2,000maintained DA DavidsonBuy Raised price target +43%, kept rating Oct 7 $3,000from $2,100 BairdBuy Kept rating and price target Oct 2 $1,520maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.