<div id="readability-page-1">11:14 AM EST, 12/18/2025 (MT Newswires) -- Micron Technology's ( MU ) fiscal Q1 results late Wednesday showed the company has a potential path to reach higher gross margins, Wedbush Securities said in a note Thursday.The investment firm said that in a preview ahead of Micron's results it had &#34;hypothesized a possible path for [Micron] to mid-70s type gross margins&#34; and that the company with its &#34;guide significantly increased the probability it can achieve such a model, and accelerated the timeline to getting there.&#34;Wedbush highlighted the fact that Micron is now forecasting margins of 68% in fiscal Q2 which is a &#34;new historic high, exceeding 2018 results.&#34;Also, with Micron's implied estimated earnings per share &#34;lifting significantly,&#34; the company's shares are now trading &#34;well below&#34; the usual multiples on peak earnings, the note said.Wedbush reiterated Micron's outperform rating and lifted the company's price target to $320 from $300.Micron shares were rising past 11% in recent trading.Price: 251.67, Change: +25.96, Percent Change: +11.50 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

Wedbush Securities noted that Micron Technology's fiscal Q1 results indicate a potential path to higher gross margins, forecasting 68% in fiscal Q2, a historic high. The investment firm reiterated an outperform rating and raised the price target to $320, with shares rising over 11%. Micron's earnings per share estimates have significantly increased, suggesting shares are undervalued compared to peak earnings multiples.

- Micron Technology's fiscal Q1 results indicate a potential path to higher gross margins, according to Wedbush Securities.  
- The firm raised its price target for Micron to $320 from $300, citing a forecasted historical high margin of 68% in fiscal Q2.  
- Micron shares increased over 11% in recent trading, reflecting an uplift in implied estimated earnings per share.

Micron Technology's Fiscal Q1 Results Show Path to Higher Gross Margins, Wedbush Says