Citi raised the firm’s price target on Micron (MU) to $430 from $385 and keeps a Buy rating on the shares ahead of the February quarter earnings report on March 18. Citi upped estimates to reflect better memory prices year-to-date. The firm expects DRAM prices to increase 171% in 2026 versus 2025 on strong data center demand and NAND prices to rise 127%. As a result, Micron shares can sustain gains this year, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MU:
- Is Nvidia Ditching Micron for Samsung and SK Hynix on Vera Rubin?
- How Much Could Micron Stock (MU) Move after Earnings? Options Traders Are Watching
- Micron’s (MU) Price Target More Than Doubled to $650 from $315. Here’s Why
- Micron Stock Stumbles as AI Hype Meets Volatility
- S&P 500 Rebalancing: Who’s In, Who’s Out?