2026년 2월 12일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Micron Technology (NASDAQ:MU) shares surged more than 3% on Wednesday after Morgan Stanley raised its estimates and price target for the memory chip maker, citing persistent supply shortages.
Analyst Joseph Moore noted that DDR5 pricing has climbed sharply this year, with spot prices up roughly 130% from January contracts. He expects further increases as supply growth remains constrained in 2026, potentially pushing mainstream prices higher.
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Moore reiterated an Overweight rating on Micron and lifted the price target to $450 from $350, projecting earnings of up to $52 per share in 2026. He highlighted high-bandwidth memory (HBM) as a critical growth driver, particularly amid continued demand from Nvidia (NVDA) for AI-related applications.
Micron confirmed at an investor conference that high-bandwidth memory production is on track, with HBM4 shipments already underway. The company said 2026 HBM supply is sold out and yields are meeting expectations, countering some recent market speculation.
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