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

2 hours ago 1

Joel South

Fri, March 13, 2026 astatine 10:17 AM CDT 3 min read

Micron (MU) is trading astatine $405.35 with Wedbush raising its terms people to $500, citing post-Chinese New Year manufacture checks showing nary request deterioration and expectations for NAND and DRAM prices to inflate 30%-50%, expanding gross margins to 68% successful Q2 FY2026.
Hyperscaler and AI information halfway request is keeping high-bandwidth representation proviso sold retired done 2027, reducing cyclical hazard and supporting sustained representation terms spot done the 2nd fractional of 2026.
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Micron Technology (NASDAQ:MU) has been connected a singular run, with shares up 33% twelvemonth to day and implicit the trailing 12 months, MU has surged 344%. Most analysts clasp much measured views, with the Street statement people astatine $417.82. Now, Wedbush expert Matt Bryson has raised his terms people to $500, topping Wells Fargo's $470 people issued conscionable yesterday and making it the highest people connected the Street. But tin MU realistically scope $500 by extremity of 2026?

Bryson, who rates MU Outperform, raised his people from $320 to $500 connected the spot of post-Chinese New Year manufacture checks that revealed nary deterioration successful representation request trends. He is present assured his anterior estimates were excessively blimpish and expects some Q2 results and Q3 guidance to travel successful good up of revised Street expectations. That presumption is reinforced by prediction marketplace participants, who are presently pricing successful a 97.5% probability that Micron beats quarterly net erstwhile it reports connected March 18.

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NAND and DRAM terms ostentation of 30%-50%. Wedbush sees some NAND and DRAM prices climbing successful the 30%-50% range, straight expanding Micron's margins. Micron's Q1 FY2026 GAAP gross borderline reached 56.0%, up from 38.4% a twelvemonth prior, and Q2 guidance calls for non-GAAP gross borderline of 68.0%. Higher representation prices travel astir wholly to the bottommost line.
Post-CNY manufacture checks corroborate nary request falloff. Conversations with manufacture participants pursuing Chinese New Year person not signaled immoderate fall-off successful representation trends. HBM capableness for 2026 is already sold out, and bid books widen into 2027, reducing cyclical hazard for semipermanent holders.
Q2 and Q3 net upside. Micron guided Q2 FY2026 gross to $18.70 cardinal with non-GAAP EPS of $8.42. Wedbush believes some the Q2 people and Q3 guidance volition transcend expectations, gathering connected 4 consecutive quarters of EPS beats ranging from 5.94% to 21.33%.