Overview
- Analyst Joseph Moore raised Micron’s price target to $325 from $220 and reiterated an Overweight rating, a move that implies roughly 32% upside.
- Moore reported DDR5 spot prices have roughly tripled in a little over a month, a jump he compared to the sharp DRAM cycles of the 1990s.
- Morgan Stanley now projects more than $25 in calendar 2026 EPS for Micron and expects further upward estimate revisions as pricing holds.
- Micron shares recently set an all-time high of 257.07 and were down more than 1% to 242.15 on Thursday morning trading, according to IBD.
- The upgrade lands as the Street’s stance remains broadly positive, with reports of a Strong Buy consensus and other firms citing tight supply and strong AI-driven memory demand into 2026–2027.