Business

ASX Tech Stock Weebit Nano Jumps 300% with More Growth Expected

Shivangi

May 26, 2026 12:15 PM IST

Category Business

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Synopsis

The Albanese government has released a draft domestic gas reservation framework that could force LNG exporters to supply 20% of their export volumes to the Australian market annually. The proposal has triggered strong opposition from the gas industry, with companies warning it could damage investment and threaten export relationships with major trading partners. Santos is expected to face particular pressure under the scheme because of its Gladstone LNG operations in Queensland. The government argues the policy will help create a modest oversupply of gas and place downward pressure on domestic energy prices.

Weebit Nano Ltd shares have surged more than 300% higher in a year, after analysts endorse its ReRAM technology and excellent cash position, along with potential future royalty revenues from increasingly explosive US semiconductor partnerships.

Key Highlights

• Weebit Nano has gained more than 300% in its share price
• The company has recently completed a $87 million equity raising
• Pitt Street Research increased its price target to $10.20 per share
• The company has roughly $172 million in cash now
• Analysts predict that royalty revenues will start to come from FY27

Weebit Nano capital raise drives strong rally

Weebit Nano (ASX: WBT) shares made further gains today after raising new capital at a steep discount of $4.05 per share. At the time of writing, the stock was trading at about $7.08, investors seem to be focusing more on long-term growth prospects than its short-term dilution predicament. The capital raising contributes to a clear strengthening of the balance sheet and funding for future growth initiatives.

ReRAM technology promises long-term growth, say analysts

With data across 2 million edges, Pitt Street Research continues to see significant upside for Weebit Nano and recently raised its valuation target to AU$10.20/share as a result. According to analysts, ReRAM technology could make the company a major player in fast-growing non-volatile memory. Weebit Nano may have the precious first-mover advantage as the only independent ReRAM IP licensor currently quoted on a stock exchange, and said its commercial agreements with Tier-1 manufacturers have already been signed.

Royalty revenues may emerge as a big driver of earnings

The newly raised capital will be used by the company in multiple growth vectors including the expansion of its core ReRAM technology and commercial partnerships. As customers progress to production, analysts expect initial royalty revenues to show from FY27. Those royalties could increase significantly post 2030 as we see more foundries, chipmakers and product companies adopting Weebit Nano’s technology which Pitt Street theorises could make the business a high-margin recurring revenue generator.

Cash position favourable for future growth

In the aftermath of the latest funding, Weebit Nano has approximately $172 million in cash on hand and is one of the better-funded independent memory technology companies in the market. This has been interpreted by analysts to effectively give the firm room to continue investing in product expansion, customer growth and commercial scaling without recourse to debt funding over the coming years. The firm is now valued at around $1.73 billion.

FAQs

1. Why has the Weebit Nano share price soared?

Investors are supporting the ReRAM technology as well as commercial partnerships, and prospective royalty revenue with the company.

2. What does Weebit Nano do?

Weebit Nano develops ReRam memory technology for semiconductors and electronic devices. 

3. Why did Weebit Nano have to raise capital?

The funds will help grow the company, broaden current commercial partnerships and facilitate technology development.

4. What is Pitt Street Research's price target? 

Weebit Nano is valued at $10.20 per share.

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