TechFlow News, June 25: Morgan Stanley released a report raising Micron Technology’s (MU.O) price target from $105 to $120 and maintaining its “Overweight” rating. The firm raised its fiscal year 2027 earnings per share (EPS) forecast by approximately 40% to $168 and increased its free cash flow forecast from $10.4 billion to $14 billion. The firm aligns with Micron’s management in viewing AI as a catalyst that will drive DRAM demand significantly above supply beyond fiscal year 2027. Micron’s most recent quarterly results conform to this trend, with both quarterly performance and forward guidance offering substantial upside potential. (Jinshi)
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