Micron Technology Analyst Turns Positive On Potential For Double-Digit Price Hikes, Higher Earnings
1. Morgan Stanley upgraded MU's rating to Overweight from Equal-Weight. 2. Price target raised from $160 to $220 indicating high growth potential. 3. Concerns over chip availability may drive double-digit price hikes through 2026. 4. Analyst believes MU has room for further upward momentum in stock price. 5. Micron's technology is robust despite anticipated delays in shipment volumes.