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Stock impact report

Morgan Stanley sets jaw-dropping Micron price target after event [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
That's exactly how Morgan Stanley framed Micron Technology's ( MU ) latest quarter, calling it one of the biggest revenue and profit surprises in the history of the U.S. chip space, second only to Nvidia's AI-powered surge. Micron delivered another solid double beat, extending a streak dating back to fiscal Q3 2023. Additionally, over the past six months, the stock has increased by and 200% year-to-date Following the blow-out quarterly results, the firm bumped its price target on Micron stock to $350 from $338 while reiterating an Overweight rating It also hailed it as their top U.S. semiconductor pick, another feather in the tech giant's cap. For perspective, with Micron stock trading near $254 (at the time of writing), pointing to nearly 38% upside from current levels Though the headline numbers were impressive, it was Micron's guidance that reset expectations across the memory space. Micron forecasts earnings of over $8 per share, roughly double what Mr.Market expects as Show less Read more
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