Micron Technology (MU) Rated Outperform as Wedbush Sees Multi-Year Growth Ahead

Core Viewpoint - Micron Technology, Inc. is identified as one of the best undervalued semiconductor stocks, with a price target increase from $165 to $200 by Wedbush, based on a 10x earnings multiple for fiscal year 2027 [1][2]. Group 1: Company Overview - Micron Technology, Inc. is a leading manufacturer of solid-state drives (SSDs), flash memory, and dynamic random-access memory (DRAM), among other memory and data storage products [3]. Group 2: Financial Projections - Wedbush's price target reflects a higher multiple at the peak cycle range for memory vendors, although gross margin projections for DRAM and NAND products remain significantly lower than the cyclical high of 2018 [2]. - There is potential for further upside in High Bandwidth Memory (HBM) devices beyond current forecasts [2].