Micron Technology (MU) PT Raised to $130 at Citi

Citi analyst Christopher Danely raised the price target on Micron Technology (NASDAQ: MU) to $130.00 (from $110.00) while maintaining a Buy rating.

The analyst comments "Micron will report F3Q25 results on June 25 after market close. We expect the company to post results and provide guidance above Consensus driven by higher-than-expected DRAM pricing as DRAM pricing is expected to increase at least 5% QoQ during 2Q25, well above initial expectations of up 2% QoQ with another QoQ increase of at least 5% during 3Q25. We raise estimates and price target from $110 to $130 and our new F26 EPS estimate is 16% above Consensus. We reiterate our Buy rating on Micron."

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