Micron MU +5.13% ▲ shares surged over 5% on Friday after Wedbush analyst Matthew Bryson raised his price target on the stock to $500 from $320, while reiterating a Buy rating. The call comes just days before the semiconductor manufacturing company’s fiscal Q2 earnings report, due on March 18. The analyst believes both the results and Q3 guidance would beat expectations.
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Bryson said Micron is still trading below what he considers typical peak‑cycle earnings multiples. With earnings estimates moving higher, he believes MU stock has room to run as the market fully prices in the strength of the current cycle.
Here’s Why the Analyst Is Bullish on MU Stock
He sees memory pricing accelerating faster than expected. DRAM and NAND contract prices are rising, and some deals could see triple‑digit percentage increases, driving 30%-50% overall pricing growth. This is a major tailwind for Micron’s revenue and margins.
Further, high‑bandwidth memory (HBM), the key component powering AI accelerators, remains in extreme shortage. The analyst noted that Micron’s HBM capacity for 2026 is already sold out, with orders stretching into 2027. This reduces cyclical risk and locks in high‑margin demand for years.
With memory prices rising, Bryson projects Micron’s adjusted gross margins to reach 68% in fiscal Q2, a level that would mark one of the strongest margin profiles in the company’s history.
Is Micron a Good Stock to Buy?
Wall Street has a Strong Buy consensus rating on Micron stock based on 26 Buys and one Hold recommendation. The average MU stock price target of $448.07 indicates 5.15% upside potential.
“Don’t Miss Out” Wedbush Analyst Boosts Micron Stock (MU) Target to $500 ahead of Q2 Results
Micron MU +5.13% ▲ shares surged over 5% on Friday after Wedbush analyst Matthew Bryson raised his price target on the stock to $500 from $320, while reiterating a Buy rating. The call comes just days before the semiconductor manufacturing company’s fiscal Q2 earnings report, due on March 18. The analyst believes both the results and Q3 guidance would beat expectations.
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Bryson said Micron is still trading below what he considers typical peak‑cycle earnings multiples. With earnings estimates moving higher, he believes MU stock has room to run as the market fully prices in the strength of the current cycle.
Here’s Why the Analyst Is Bullish on MU Stock
He sees memory pricing accelerating faster than expected. DRAM and NAND contract prices are rising, and some deals could see triple‑digit percentage increases, driving 30%-50% overall pricing growth. This is a major tailwind for Micron’s revenue and margins.
Further, high‑bandwidth memory (HBM), the key component powering AI accelerators, remains in extreme shortage. The analyst noted that Micron’s HBM capacity for 2026 is already sold out, with orders stretching into 2027. This reduces cyclical risk and locks in high‑margin demand for years.
With memory prices rising, Bryson projects Micron’s adjusted gross margins to reach 68% in fiscal Q2, a level that would mark one of the strongest margin profiles in the company’s history.
Is Micron a Good Stock to Buy?
Wall Street has a Strong Buy consensus rating on Micron stock based on 26 Buys and one Hold recommendation. The average MU stock price target of $448.07 indicates 5.15% upside potential.
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