Wedbush Raises PT on Micron Technology (MU) Stock

Core Insights - Micron Technology, Inc. (NASDAQ:MU) is recognized as one of the best undervalued stocks to invest in, particularly highlighted by Reddit discussions [1] - Wedbush has raised the price target for Micron's stock from $165 to $200, indicating a strong upside potential based on a 10-times multiple of FY 2027 EPS estimates [1][2] - The company has updated its Q4 2025 revenue guidance to $11.2 billion (± $100 million), with non-GAAP gross margins projected at 44.5% (± 0.5%) and non-GAAP EPS at $2.85 (± $0.07), reflecting improved pricing in DRAM and strong execution [2] Investment Sentiment - Parnassus Investments noted that Micron's shares have advanced due to its strong position in the AI-driven memory market, with robust demand reported in the latest quarter [3] - Despite the positive outlook for Micron, Parnassus Investments suggests that certain AI stocks may offer greater upside potential with less downside risk [3]