Citi Micron · MU

Citi Maintains Buy on Micron, $150 Price Target

February 12, 2025 Analyst: Christopher Danely 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$150
Outcome
Reached
on September 11, 2025
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What the analyst said

Citi analyst Christopher Danely reiterated a Buy rating and $150 price target on Micron Technology (NASDAQ: MU).

“Today at a competitors’ conference, Micron stated its May quarter gross margin should decline by a few hundred basis points sequentially, below our estimate of a slight increase.

As a result, we are lowering our F3Q25E gross margin from 40.0% to 35.0%.

Micron stated that the lower margin outlook was driven by consumer DRAM mix, as well as NAND underutilization charges and NAND pricing weakness.

While the lower guidance is disappointing, we are still optimistic on Micron given their AI HBM opportunity and our belief that the DRAM market will recover during the spring.

We lower estimates but reiterate our Buy rating on Micron.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MU trades at $879. The 27 analysts who set a target in the last 3 months range from $1,200 to $3,000, with a median of $1,540. This $150 target is 90% below the median, the lowest on the Street.

Since the note MU has moved +834% (from $94.08). The 12-month window closed on February 12, 2026.

Track record

This call✓ Target reached on September 11, 2025, 8 months after the note. Same target as this firm’s January 7, 2025 note, so it is scored there.

Firm track recordCiti: 86% of its 22 targets at least a year old were reached within 12 months (#10 of 28 firms); on Micron, 8 of 8. Accuracy ranking →

Citi on Micron

Citi price targets on Micron

8 calls from January 7, 2025 to September 11, 2025. The target went from $150 to $175 (+17%). The rating stayed Buy.

Citi targetMU share price
  1. September 11, 2025Target raised from $150 (+17%)Buy$175
  2. June 26, 2025Target raised from $130 (+15%)Buy$150
  3. June 9, 2025Target raised from $110 (+18%)Buy$130
  4. April 11, 2025Target cut from $120 (−8%)Buy$110
  5. April 1, 2025Kept the $120 targetBuy$120
  6. March 21, 2025Target cut from $150 (−20%)Buy$120
  7. February 12, 2025 This noteKept the $150 targetBuy$150
  8. January 7, 2025Earliest call shownBuy$150
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Other analysts on Micron

DA DavidsonBuy Raised price target +43%, kept rating · Oct 7 $3,000from $2,100 BairdBuy Kept rating and price target · Oct 2 $1,520maintained CLSABuy Kept rating and price target · Oct 2 $1,700maintained Freedom BrokerBuy Kept rating and price target · Oct 1 $1,600maintained BernsteinBuy Kept rating and price target · Oct 1 $1,300maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.