The shares of Micron Technology Inc. soared by more than 10% on Wednesday after Morgan Stanley raised its price target from $350 to $450 and reiterated the company's "Overweight" rating following a strong earnings report for the first quarter of fiscal 2026 and supply growth expectations.
Investors' confidence in the memory chipmaker also increased after Chief Financial Officer Mark Murphy's comments on the company's High Bandwidth Memory technology. He touted "high volume production" of HBM4 and noted that Micron began with customer shipments.
https://breakingthenews.net/Article/Micron-jumps-10-as-Morgan-Stanley-hikes-price-target/65651216
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