Wedbush Reaffirms Outperform on Micron, $1,400 Price Target
Since this note+3% MU $1,065.11 → $1,097.39 (Oct 2) · 10% of the way to the target
Wedbush analyst Matt Bryson reiterated an Outperform rating and $1,400 price target on Micron Technology (NASDAQ: MU).
“Micron again delivered results above the high end of its prior outlook, while guiding 1FQ27 well above both our prior estimates and the mid $30s earnings power we anticipated heading into the print.
More important than the beat and raise, in our view, was management’s commentary that supply/demand will be tighter in 2027 and 2028 than in 2026, with more than 75% of MU’s 2027 output already committed and the majority of customer discussions now centered on 2028.”
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Other Micron notes
CLSABuy
Kept rating and price target · Oct 2
$1,700maintained
Freedom BrokerBuy
Kept rating and price target · Oct 1
$1,600maintained
BernsteinBuy
Kept rating and price target · Oct 1
$1,300maintained
UBSBuy
Kept rating and price target · Oct 1
$1,625maintained
DA DavidsonBuy
Raised price target +5%, kept rating · Oct 1
$2,100from $2,000