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Wedbush Raises Micron Price Target Ahead of Earnings, Cites Memory Chip Pricing Trends
Wedbush Raises Micron Price Target Ahead of Earnings, Cites Memory Chip Pricing Trends
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Micron Technology shares gained after Wedbush maintained its Outperform rating and lifted the price target to $150 from $130 ahead of the chipmaker's Q3 results. Analysts anticipate continued DRAM/NAND price recovery, albeit at more moderate levels than previously projected.
The firm revised Q2 estimates upward, noting actual pricing outperformed Micron's conservative guidance. While reducing its bullish H2 2025 forecasts to low-to-mid single-digit increases, Wedbush raised longer-term growth expectations for high-margin memory products.
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