Micron Technology, Inc. (MU.US) has announced its upcoming earnings and has received a target price increase from Wedbush.

Before Micron Technology, Inc. (MU.US) announces its third-quarter performance on June 25, Wedbush maintains its "outperform" rating on the company and raises its target price from $130 to $150. The analyst team led by Matt Bryson believes that there has been a more positive trend in memory prices in the second quarter. These analysts also point out that while they do not expect a significant turnaround in price trends in the third quarter (i.e. the second quarter of 2025) as they expected in March, they still believe that memory prices for DRAM and NAND will rise in the coming quarters. The analysts state that Micron expects an increase in shipments in this quarter, but due to the expected decrease in average selling prices (ASPs), pricing and profit margins are expected to decline; the product mix will shift towards more consumer-oriented components (retail/channel demand is driving the expected improvement in this area). However, the analysts state that the changing trends in the second quarter calendar cycle suggest that the product mix and average selling prices may perform better than Micron's expectations for the third quarter (both in the DRAM and NAND sectors). Therefore, these analysts state that they will raise their expectations for the second quarter to approach the upper end of Micron's expected range. The analysts state that for the fourth quarter of the 2025 fiscal year and the first quarter of the 2026 fiscal year, they have lowered their upwardly revised forecast values significantly exceeding market expectations to remain consistent with their views. They believe that both DRAM and NAND prices are likely to increase, but the increase is expected to be in the low to mid-single digit range, rather than the significant double-digit growth previously anticipated. In the 2026 fiscal year, the analysts have raised their growth expectations for HBM chips, which is consistent with the growth trend in demand for AI solutions they saw throughout the 2025 fiscal year; at the same time, there are several new sovereign projects expected to boost demand for this memory throughout the 2026 fiscal year. Bryson and his team state that they believe the increasing demand for HBM will not only have a positive impact on Micron's performance but will also have a positive effect on the development of the industry in the long run.