Micron’s stock has doubled this year. Why Morgan Stanley is finally upgrading it.
1. Morgan Stanley upgrades Micron after a 100% year-to-date rally. 2. Analyst sees potential for substantial earnings increases with AI memory demand. 3. Price target raised to $220, 17% above previous close. 4. Persistent high earnings expectations create short-term bullish sentiment. 5. Concerns over HBM4 technology adjustments relative to Nvidia's requirements.