Morgan Stanley Raises Price Target for Micron Due to Strong AI Demand and Supply Agreements
Morgan Stanley raised its price target for Micron Technology (MU) from $1,050 to $1,200 due to strong demand driven by artificial intelligence and the signing of 16 long-term supply agreements. These deals are expected to generate over $100 billion in revenue each and provide pricing stability through fixed or range-based structures.
Topics: AI demand memory chips price target upgrade supply agreements