Morgan Stanley and Deutsche Bank have both raised their price targets for Micron Technology (MU) due to increasing DRAM prices, supply shortages, and strong demand in the memory market, particularly for High Bandwidth Memory (HBM). Morgan Stanley increased its target to $450, while Deutsche Bank raised its target to $500, citing tight supply and improving market trends. Deutsche Bank also increased its calendar year 2026 earnings per share estimate for Micron to $46.50.
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Morgan Stanley, Deutsche Bank Raise Micron (MU) Price Targets
Morgan Stanley and Deutsche Bank have both raised their price targets for Micron Technology (MU) due to increasing DRAM prices, supply shortages, and strong demand in the memory market, particularly for High Bandwidth Memory (HBM). Morgan Stanley increased its target to $450, while Deutsche Bank raised its target to $500, citing tight supply and improving market trends. Deutsche Bank also increased its calendar year 2026 earnings per share estimate for Micron to $46.50.