In the foreign investment report of US-based foreign investor Morgan Stanley, it raised Micron's target price from US$220 to US$325, reiterated its "overweight" rating, and listed Micron as its top stock. According to analyst Joseph Mo...
In the foreign investment report of US-based foreign investor Morgan Stanley, it raised Micron's target price from US$220 to US$325, reiterated its "overweight" rating, and listed Micron as its top stock.
According to analyst Joseph Moore sharing the latest memory market price trends, he believes that this situation is similar to the shortage in 2018, but this time the company's starting point revenue base is higher. Even with Micron shares up 187% this year, Moore believes the market may still be underestimating how quickly earnings can rise.
Moore also said that Micron plays a more important role in the field of AI servers, in which high-bandwidth memory (HBM) has become one of the most critical bottlenecks in next-generation computing. As this market expands, Micron is poised to gain additional momentum and benefit from price strength, which may not yet be fully reflected in the stock price.
While the overall semiconductor ETF has risen 36% this year, Micron's gains have been even more impressive, and Moore believes the factors driving this market-beating performance, such as tight supply, accelerating demand, and rising prices, will likely continue to affect the company's future trajectory.
DRAM mainstream prices have skyrocketed recently, and according to quotes shared by TrendForce, the rise will continue to be staggering. Micron fell 3.25% on Thursday (13th), temporarily trading at $236.95.
Read More at Datatrack
Micron’s $325 Shockwave: Morgan Stanley Unleashes Top Pick Amid AI Memory Price Surge
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