Micron Price Prediction: Wedbush Raises Target to $500, Topping Yesterday's Wall Street Call

"Bryson, who rates MU Outperform, raised his target from $320 to $500 on the strength of post-Chinese New Year industry checks that revealed no deterioration in memory demand trends. He is now confident his prior estimates were too conservative and expects both Q2 results and Q3 guidance to come in well ahead of revised Street expectations."

"NAND and DRAM price inflation of 30%-50%. Wedbush sees both NAND and DRAM prices climbing in the 30%-50% range, directly expanding Micron's margins. Micron's Q1 FY2026 GAAP gross margin reached 56.0%, up from 38.4% a year prior, and Q2 guidance calls for non-GAAP gross margin of 68.0%. Higher memory prices flow almost entirely to the bottom line."

"HBM capacity for 2026 is already sold out, and order books extend into 2027, reducing cyclical risk for long-term holders. Post-CNY industry checks confirm no demand falloff. Conversations with industry participants following Chinese New Year have not signaled any fall-off in memory trends."

Micron Technology has experienced exceptional growth, with shares up 33% year-to-date and 344% over the trailing twelve months. Wedbush analyst Matt Bryson raised his price target to $500, the highest on Street, from a prior $320 target. This upgrade reflects post-Chinese New Year industry checks showing no deterioration in memory demand. Key drivers include 30%-50% price inflation in NAND and DRAM memory, which directly expands Micron's margins. Gross margins improved significantly to 56.0% in Q1 FY2026 from 38.4% year-prior, with Q2 guidance at 68.0% non-GAAP. HBM capacity for 2026 is already sold out with orders extending into 2027, reducing cyclical risk. Prediction markets price a 97.5% probability of Micron beating quarterly earnings on March 18.

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