What did Morgan Stanley do regarding Micron stock recently?

Morgan Stanley raised its price target on Micron from $520 to a higher level on June 3, 2026.

Why are analysts still bullish on Micron?

Due to strong demand for memory chips from AI applications and improving memory pricing.

Is Micron stock a buy after these gains?

This article does not provide a buy recommendation. Investors should assess risks after the large gains.

Analysts See More Upside for Micron (MU) After 90% May Rally

Micron Technology (MU) continues to attract positive analyst attention after its record May gains. Morgan Stanley raised its price target, reflecting growing confidence in the company's performance.

June 6, 2026

2 min read

Source: Insider Monkey

Key Numbers

may gains

90%

previous target

$520

new target

not disclosed

Micron Technology (NASDAQ:MU) remains in analysts' good graces despite a staggering 90% gain in May 2026. On June 3, Morgan Stanley raised its price target on the stock from $520 to an undisclosed higher level, underscoring continued bullish sentiment.

Recommendation Change

Before the adjustment, Morgan Stanley's price target was $520. The new target is above that figure, though the exact number was not disclosed.

Analyst Rationale

Analysts point to surging demand for memory chips used in AI and high-performance computing as key drivers. Improved memory pricing and strong growth forecasts support the higher target.

Context

Micron was among the best-performing stocks in May, rallying 90%. Other analysts are also raising estimates, indicating a consensus positive outlook.

What to Make of It

The price target hike reflects confidence in Micron's momentum, but investors should consider that the stock may be overvalued after such a sharp rally.

Frequently Asked Questions

Micron stock gained approximately 90% in May 2026.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.