Morgan Stanley and Deutsche Bank Lift Micron Targets to $450 and $500
Morgan Stanley raised Micron Technology’s one-year price target to $450, and Deutsche Bank boosted its 2026 EPS forecast to $46.50 while lifting its target to $500. Analyst upgrades drove Micron shares to outperform peers as the iShares Semiconductor ETF rose 1.9% and key chip names rallied.
1. Morgan Stanley Raises Price Target
Morgan Stanley increased its one-year price target on Micron Technology to $450, citing stronger memory pricing and tighter supply dynamics. The upward revision follows sustained demand trends in data center and AI applications, positioning Micron for further upside as market tightness persists.
2. Deutsche Bank Ups EPS Forecast and Price Target
Deutsche Bank lifted its calendar-year 2026 EPS estimate to $46.50 and raised its price target to $500, reflecting unprecedented memory market tightness. The bank highlighted Micron’s leading role in high-bandwidth memory growth and favorable supply-demand fundamentals driving margin expansion.
3. Sector Rally and Stock Reaction
The semiconductor sector rebounded sharply, with the iShares Semiconductor ETF climbing 1.9% on the day. Micron shares outperformed as back-to-back upgrades from major banks fueled buying across key chip stocks, reinforcing bullish investor sentiment in memory and AI-related names.