I believe it can still go up f

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I believe it can still go up further beyond $125

Micron Technology Rating Upgraded by Morgan Stanley, Price Target Raised

Morgan Stanley's Joseph Moore upgraded their rating on Micron Technology (NASDAQ: MU) from Strong Sell to Hold on 2024/05/20. The analyst also raised their price target by 32.7% from $98 to $130.In a

Micron Technology Rating Upgraded by Morgan Stanley, Price Target Raised

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The analyst also raised their price target by 32.7% from $98 to $130.In a ","content":"<html><body><div><p>Morgan Stanley's Joseph Moore upgraded their rating on Micron Technology (NASDAQ: MU) from Strong Sell to Hold on 2024/05/20. The analyst also raised their price target by 32.7% from $98 to $130.</p><p>In a midcycle review ahead of the 2024/06/26 release of Micron Technology's Q3 2024 earnings report, Moore made a number of points to contextualize their upgrade and price target hike:</p><p>- Morgan Stanley now believes it overestimated the impact of 2023's significant losses would weigh on the stock's valuation. - Their firm now believes it underestimated both the economic and narrative elements of AI memory. - Morgan Stanley believes the company could deliver a positive preannouncement this quarter.</p><p>The analyst added that they believe that Micron is still \"fundamentally overvalued\" on long-term metrics, but acknowledged that \"high-bandwidth memory continues to drive sentiment from memory buyers, supporting sustained pricing strength.\"</p><p>This rating change comes as 95.5% of top-rated analysts currently rate MU as a Strong Buy or Buy, with only 4.5% considering it a Hold. No analysts recommend or strongly recommend selling the stock.</p><p>Year-over-year, the stock is up 94.8%, significantly outpacing the S&amp;P 500, which is up 26.6%.</p><p>Joseph Moore, the Morgan Stanley analyst behind the upgrade, is ranked in the top 5% of Wall Street analysts by WallStreetZen. With an average return of 12.7% and a 55.6% win rate, Moore specializes in the Industrials and Healthcare sectors, among others.</p><p>Micron Technology, Inc., the subject of this rating upgrade, is a global leader in memory and storage products. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. Its product offerings include DRAM products, NAND products, and NOR memory products, catering to various markets such as cloud servers, enterprise, client, graphics, networking, automotive, industrial, and consumer.</p><p>Micron's stock has shown impressive growth over the past year, with a 94.8% increase. This upward trend has outperformed the broader market represented by the S&amp;P 500, which has risen by 26.6% during the same period.</p></div></body></html>","source":"wallstreetzen_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron Technology Rating Upgraded by Morgan Stanley, Price Target Raised</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron Technology Rating Upgraded by Morgan Stanley, Price Target Raised\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-21 14:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/micron-technology-rating-upgraded-by-morgan-stanley-price-target-raised><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley's Joseph Moore upgraded their rating on Micron Technology (NASDAQ: MU) from Strong Sell to Hold on 2024/05/20. The analyst also raised their price target by 32.7% from $98 to $130.In a ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/micron-technology-rating-upgraded-by-morgan-stanley-price-target-raised\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://images.unsplash.com/photo-1542978709-19c95dc3bc7e?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE3MDQ0MzcyNjh8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180","relate_stocks":{"TGT":"塔吉特","MU":"美光科技"},"source_url":"https://www.wallstreetzen.com/news/micron-technology-rating-upgraded-by-morgan-stanley-price-target-raised","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2437464147","content_text":"Morgan Stanley's Joseph Moore upgraded their rating on Micron Technology (NASDAQ: MU) from Strong Sell to Hold on 2024/05/20. The analyst also raised their price target by 32.7% from $98 to $130.In a midcycle review ahead of the 2024/06/26 release of Micron Technology's Q3 2024 earnings report, Moore made a number of points to contextualize their upgrade and price target hike:- Morgan Stanley now believes it overestimated the impact of 2023's significant losses would weigh on the stock's valuation. - Their firm now believes it underestimated both the economic and narrative elements of AI memory. - Morgan Stanley believes the company could deliver a positive preannouncement this quarter.The analyst added that they believe that Micron is still \"fundamentally overvalued\" on long-term metrics, but acknowledged that \"high-bandwidth memory continues to drive sentiment from memory buyers, supporting sustained pricing strength.\"This rating change comes as 95.5% of top-rated analysts currently rate MU as a Strong Buy or Buy, with only 4.5% considering it a Hold. No analysts recommend or strongly recommend selling the stock.Year-over-year, the stock is up 94.8%, significantly outpacing the S&P 500, which is up 26.6%.Joseph Moore, the Morgan Stanley analyst behind the upgrade, is ranked in the top 5% of Wall Street analysts by WallStreetZen. With an average return of 12.7% and a 55.6% win rate, Moore specializes in the Industrials and Healthcare sectors, among others.Micron Technology, Inc., the subject of this rating upgrade, is a global leader in memory and storage products. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. Its product offerings include DRAM products, NAND products, and NOR memory products, catering to various markets such as cloud servers, enterprise, client, graphics, networking, automotive, industrial, and consumer.Micron's stock has shown impressive growth over the past year, with a 94.8% increase. This upward trend has outperformed the broader market represented by the S&P 500, which has risen by 26.6% during the same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":151,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":39,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}