Analyst See More Upside Despite Micron Technology’s (MU) 90% Gains in May

​Recently, connected June 3, Morgan Stanley raised the firm’s terms people connected Micron Technology, Inc. (NASDAQ:MU) from $520 to $1,050, portion maintaining a Buy standing connected the shares. Earlier, connected May 29, Susquehanna besides raised its terms people connected the banal from $600 to $1,750 and maintained a Buy rating.

​Morgan Stanley noted that their thesis astir representation stocks is simple: that determination is nary speedy hole to the ongoing representation shortage. The steadfast expects the proviso tightness to persist for 2 to 3 years oregon more, creating a sustained favorable situation for representation producers similar Micron. Despite representation stocks already performing powerfully successful some 2025 and 2026, Morgan Stanley believes the rally has further country to run.

​Similarly, Susquehanna’s thesis is based connected the strengthening mean selling prices and increasing assurance that elevated margins are sustainable, not temporary. The steadfast noted that a cardinal operator for the institution is the evolving representation and retention landscape, wherever changes to KV Cache offloading are discouraging manufacturers from aggressively adding wafer capacity. Susquehanna believes that this keeps the proviso choky and expects this tightness passim 2027.

​Micron Technology, Inc. (NASDAQ:MU) provides representation and retention solutions sold into client, unreality server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and user markets, among others.

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