Citi Raises Price Target on Micron Technology (MU) Amid Bullish Outlook on DRAM Prices
On May 18, Citi raised its price target for Micron Technology (NASDAQ:MU) to $840 from $425 and maintained a Buy rating. The firm expects continued recovery in the DRAM market through CY27 due to rising prices driven by supply discipline among memory makers.
Tickers: $MU
Topics: AI semiconductors Citi upgrade DRAM pricing Melius Research upgrade Micron Technology