Wedbush Rates Micron Technology (MU) buy, $1,300 Price Target

Wedbush analyst Matt Bryson reaffirmed a Buy rating on Micron Technology, Inc. (NasdaqGS: MU) on June 18, 2026. The firm maintained its price target of $1,300.00, suggesting steady confidence in the memory chip maker's ability to capitalize on current market demand. This call comes as the company continues to see strong performance from its core business units serving the data center and mobile markets.

The reiteration by Wedbush follows a period of high performance for the semiconductor giant. Micron recently reported annual revenue of $133.19 billion, reflecting a growth rate of 3.8%. The company managed to turn that revenue into significant profit, posting a net margin of 63.8% and a return on equity of 88.3%. With earnings per share at $74.33, the company is demonstrating efficient operations even as it scales its production of high-bandwidth memory products.

On Thursday, shares of Micron were priced at $1,051.38. The stock has experienced a wide range over the past year, moving from a low of $192.40 to a high of $1,255.00. Investors have seen the stock stay consistently above its 200-day moving average of $714.91, a common indicator of a long-term upward trend. The current price represents a valuation of roughly 12.5 times its past earnings, though its forward P/E ratio sits lower at 4.6, suggesting expectations for continued profit growth.

Analysts Set New Price Targets

Several other Wall Street firms have recently weighed in on Micron's prospects. On October 13, 2026, Rosenblatt maintained its Buy rating with a much higher price target of $1,900.00. Earlier in October, DA Davidson raised its price target from $2,100.00 to $3,000.00 while keeping a Buy rating. Mizuho also updated its outlook on October 1, 2026, maintaining an Outperform rating and lifting its target to $1,400.00 from $1,300.00. Morgan Stanley and TD Cowen both reiterated their positive ratings on the same day, with targets of $1,200.00 and $1,600.00, respectively. Across 46 analyst opinions, the stock carries a consensus recommendation of Strong Buy and a mean price target of $1,560.57.

Recent Insider Activity

There has also been activity from within the company's executive ranks. On October 14, 2026, Ray Michael Charles, who serves as Micron's Senior Vice President and Chief Legal Officer, sold 6,288 shares. The transaction took place at an average price of $929.64, resulting in a total value of approximately $5.85 million. This sale was conducted under a Rule 10b5-1 trading plan, which is a pre-set schedule that allows company insiders to sell shares at specific times to avoid any appearance of trading on non-public information.

A Leader in Memory and Storage

Micron Technology designs and builds the memory and storage products that power everything from smartphones and PCs to massive data centers and autonomous vehicles. Based in Boise, Idaho, the company is a critical supplier of DRAM and NAND flash memory, which are essential components for the growth of artificial intelligence and cloud computing infrastructure. Its ability to maintain high margins is closely tied to the global pricing cycles of these semiconductor components.

Investors will likely watch for the company's next earnings update, which is scheduled for December 23, 2026. While analyst ratings provide a forward-looking perspective on where the stock might go, they remain opinions based on current market conditions and can change as new financial data becomes available.