Wedbush Keeps Micron at Outperform, $1,400 Target as Shares Gain
Wedbush reaffirmed its Outperform rating and $1,400 price target on Micron, whose shares climbed nearly 2% early Friday, per GuruFocus.
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what happened
Micron Technology shares advanced close to 2% early on Friday after Wedbush restated its Outperform recommendation and $1,400 target. According to GuruFocus, analyst Matt Bryson ties the decision to Micron's choice of 3D DRAM rather than the 4F architecture being built by Samsung, SK Hynix and China's CXMT. He argues that 4F could hit density limits while adding manufacturing complexity and cost.
Wedbush points to earlier technology bets, including CMOS-under-array for NAND and the use of EUV lithography, as proof that Micron can compete on its own path. The firm also expects memory demand to grow over the long term, as each new AI generation needs more memory and agentic AI context lengths could expand roughly 30-fold a year. Micron's figures suggest Level 4 autonomous vehicles could use four times the DRAM of today's Level 2+ cars.
why it matters
For the memory market, the signal is that Micron is betting on a technology route that differs from most of its rivals. The reaffirmed rating is a routine event, but it highlights expectations for DRAM demand driven by AI and automotive electronics.
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- Micron Stock Rises as Wedbush Reaffirms $1,400 Price Target — gurufocus.com, 23 October 2026 at 17:51 UTC
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