Wedbush Raises PT on Micron Technology (MU) Stock

Micron Technology, Inc. (NASDAQ:MU) is one of the Best Undervalued Stocks to Invest in According to Reddit. On September 18, Wedbush lifted the price target on the company’s stock to $200 from $165, while maintaining an “Outperform” rating. The firm’s new price target reflects a strong upside from the company’s current trading level. It demonstrates growing optimism about Micron Technology, Inc. (NASDAQ:MU)’s position in the memory market cycle. Notably, the firm calculated the higher target by applying a 10-times multiple to its FY 2027 EPS estimates.

Furthermore, the firm also noted the potential positive contribution from High Bandwidth Memory (HBM) products, demonstrating that there can be room for further upside over and above the current projections. Micron Technology, Inc. (NASDAQ:MU) updated its guidance for Q4 2025 revenue to $11.2 billion (± $100 million), non-GAAP gross margins to be 44.5% (± 0.5%), and non-GAAP EPS to $2.85 (± $0.07). The revised guidance showcases improved pricing, mainly in DRAM, and robust execution.

Parnassus Investments, an investment management firm that focuses on owning a concentrated portfolio of U.S. large-cap stocks, released its Q2 2025 investor letter. Here is what the fund said:

“Micron Technology Inc. (NASDAQ:MU) shares advanced due to the company’s strong position in the AI-driven memory market. Management noted robust demand in its latest quarter.”

While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.