Micron (MU) Stock Soars on Record Price Targets as Memory Demand Explodes

TLDR Wedbush Securities boosted Micron’s price target from $320 to $500, highlighting memory pricing strength beyond initial forecasts Contract prices for DRAM and NAND memory are experiencing dramatic increases, with certain agreements showing gains exceeding 100% The company’s high-bandwidth memory production for 2026 has completely sold out, with demand now stretching into 2027 Analysts anticipate earnings per share to jump more than 460% with revenues projected to double in the upcoming quarterly report Among S&P 500 technology stocks, Micron received the highest growth factor rating with an A+ grade, matching Broadcom’s score Micron Technology (MU) is approaching its March 18 quarterly earnings announcement with significant momentum, fueled by upgraded analyst ratings, elevated price projections, and strengthening memory chip pricing dynamics. Micron Technology, Inc., MU Shares advanced 9.45% during the previous trading week, with an additional 1.4% uptick in Friday’s premarket session following Wedbush Securities’ decision to increase its price objective to $500 from $320. Analyst Matt Bryson maintained his Outperform recommendation, emphasizing that pricing trends have “moved well ahead of expectations.” According to Bryson’s analysis, Micron’s own fiscal Q2 projections suggested approximately 30% growth in average selling prices. However, actual market conditions appear significantly more robust. Throughout January, DRAM and NAND contract negotiations indicated pricing gains exceeding 50% for the first calendar quarter of 2026. More recently, certain transactions have demonstrated percentage increases reaching triple digits. Traditional market patterns show memory demand weakening following Chinese New Year celebrations, yet Bryson observed no such softening this cycle. “Rather if anything we’ve seen evidence of a continued lift in requirements and even tighter supply dynamics,” he wrote. Bryson emphasized that with both earnings forecasts and price objec...