Morgan Stanley Micron · MU

Morgan Stanley Raises Micron Price Target to $520

Analyst: Joseph Moore 1 min read Reproduced verbatim
Rating
Overweight
Target
$520
from $450 (+16%)
Outcome
Reached
on April 27, 2026
Morgan Stanley and Micron logos

What the analyst said

Morgan Stanley analyst Joseph Moore raised the price target on Micron Technology (NASDAQ: MU) to $520.00 (from $450.00) while maintaining an Overweight rating.

“Guidance of $19.15 EPS (vs. consensus $12) was more bullish than most of what we heard from investors Stock reaction after hours is a little surprising, but given the setup – crowded long but low conviction on durability – not totally surprising If you’re bearish, you’re likely focused on spot prices flattening, capex coming up, second derivative slowing (perhaps irrational after 90% increases in calendar 1q), But historical playbooks overlook the impact of outsized AI spending; expect earnings power at least at these levels as long as AI investment is at maximal levels We think $80 EPS is sustainable through CY27, which at 5x peak earnings should drive upside; PT up from $450 to $520.”

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 $708. 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 $520 target is 66% below the median, the lowest on the Street.

Since the note MU has moved +53% (from $462). 12-month window: day 232 of 365, closes on March 19, 2027.

Track record

This call✓ Target reached on April 27, 2026, 39 days after the note.

Firm track recordMorgan Stanley: 82% of its 50 targets at least a year old were reached within 12 months (#8 of 26 firms); on Micron, 5 of 5. Accuracy ranking →

Earnings reactionOne of 17 notes after Micron’s Mar 18 results: 16 raised · 0 cut · 1 kept. See every call →

Morgan Stanley on Micron

Morgan Stanley price targets on Micron

8 calls from October 6, 2025 to June 25, 2026. The target went from $220 to $1,200 (+445%). The rating stayed Buy.

Morgan Stanley targetMU share price
  1. June 25, 2026Target raised from $1,050 (+14%)Buy$1,200
  2. June 3, 2026Target raised from $520 (+102%)Buy$1,050
  3. March 19, 2026 This noteTarget raised from $450 (+16%)Buy$520
  4. February 11, 2026Target raised from $350 (+29%)Buy$450
  5. December 18, 2025Target raised from $338 (+4%)Buy$350
  6. November 24, 2025Target raised from $325 (+4%)Buy$338
  7. November 13, 2025Target raised from $220 (+48%)Buy$325
  8. October 6, 2025Earliest call shownBuy$220
Share

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
Share on
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.