Morgan Stanley raises Micron Technology target price to $160.00 from $135.00

Morgan Stanley raises Micron Technology target price to $160.00 from $135.00

Morgan Stanley has raised its price target for Micron Technology (MU) stock to $160.00 from $135.00, according to recent updates . The revision comes ahead of Micron's expected quarterly results, scheduled for September 23, 2025. The new target reflects positive analyst sentiment and expectations for sustained gross margin expansion due to the significant drawdown in memory inventory exiting the August quarter .

Analysts at Morgan Stanley cited the company's strong performance in the memory chip market and the growing demand for high-bandwidth memory (HBM) as reasons for the price target increase. The demand for HBM, driven by advancements in artificial intelligence and high-performance computing, has been a significant factor in Micron's recent financial performance [^1, 3].

The revised target aligns with the broader analyst consensus, which has seen a general upward trend in price targets for Micron Technology. Other major Wall Street analysts, such as Stifel, J.P. Morgan, Citi, TD Cowen, and Mizuho Securities, have also raised their price targets for the stock . For example, Stifel has revised its target to $173 from $145, while TD Cowen has set its target at $180 [^1, 2].

Micron's stock has been performing well year-to-date, with a year-over-year increase of over 93% . The company's strong financial guidance and the positive outlook from analysts have contributed to this performance. Wall Street analysts expect adjusted earnings per share of $2.81 and revenue of $11.12 billion for the quarter, representing significant growth compared to the previous year .

Options traders are also anticipating significant movement in Micron's stock following the earnings announcement, with expectations of a 10.3% move in either direction . This reflects the market's anticipation of a material stock reaction to the company's financial results.

In summary, Morgan Stanley's revised price target for Micron Technology underscores the positive sentiment surrounding the company's financial performance and the growing demand for memory chips. The upward trend in price targets from various analysts further supports the bullish outlook for Micron's stock.