Overview
- Morgan Stanley elevated Micron to its top pick with a Street‑high $325 target and projects more than $25 in calendar 2026 EPS as memory pricing accelerates.
- Analyst Joseph Moore said DDR5 spot prices have roughly tripled in just over a month, describing earnings prospects as moving into “uncharted territory.”
- A Reuters‑cited report says Samsung has lifted key memory prices by up to 60% since September and may raise contract prices a further 40%–50% in Q4, tightening DRAM and NAND supply and lifting U.S. peers’ shares.
- Mizuho reaffirmed an Outperform rating and a $265 target after meetings with Micron executives, highlighting sustained HBM demand through 2026–2027.
- Mizuho noted China‑related restrictions delaying an estimated 30%–35% of Samsung and SK Hynix output and flagged Micron’s planned Idaho and New York fabs targeting production between 2027 and 2029.