“Don’t Miss Out” Wedbush Analyst Boosts Micron Stock (MU) Target to $500 ahead of Q2 Results

FomoAnxiety · 2026-03-13T21:22:03+00:00

Micron shares rose over 5% after Wedbush's analyst raised the price target to $500, anticipating strong fiscal Q2 results and price increases in memory products. A consensus rating remains a Strong Buy with significant upside potential.

FomoAnxiety

2026-03-13 21:22:03

Abstract generation in progress

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.

Claim 70% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

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.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.