Morgan Stanley Lowers Micron Price Target Over Intensifying Memory Oversupply
MUMU•
Morgan Stanley reduced its 12-month price target on Micron following an updated analysis of DRAM and NAND market dynamics. The firm highlighted intensifying memory oversupply and slowing consumer PC and smartphone demand as risks to Micron’s revenue trajectory.
1. Analyst Revises Price Target
Morgan Stanley trimmed its 12-month price target on Micron after reviewing evolving DRAM and NAND market conditions. The analyst noted growing inventory gluts in both segments and flagged softer end-market consumption in PCs and smartphones as key headwinds that could pressure Micron’s upcoming revenue and margins.
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