Micron Technology, Inc. (NASDAQ:MU) ranks among the 12 Best Performing S&P 500 Stocks in the Last 10 Years.
Micron Technology, Inc. (NASDAQ:MU) ranks among the best performing S&P 500 stocks in the last 10 years. Morgan Stanley boosted its price target for Micron Technology, Inc. (NASDAQ:MU) to $450 from $350 on February 11, while keeping an Overweight rating on the company’s shares. The firm highlighted continuous DRAM price rises and supply bottlenecks as major reasons for its more optimistic view. Morgan Stanley reported that DDR5 spot pricing has already grown by 30% year-to-date and is now 130% higher than January contract rates.
The company pointed out that standard DRAM pricing might double again while remaining more than 10% below current spot prices, which keep rising. By this point, contract prices are 86% higher than they were in December.
Morgan Stanley believes the widespread DRAM scarcity will continue, with supply growth in 2026 estimated to be inadequate in easing market pressure, likely forcing further price rises throughout the year.
Micron Technology, Inc. (NASDAQ:MU) designs, develops, manufactures, and markets memory and storage products, including dynamic random-access memory (DRAM), flash memory (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally.
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