Citi Micron · MU

Citi Reiterates Buy on Micron, $120 Price Target

April 1, 2025 Analyst: Christopher Danely 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$120
Outcome
Reached
on June 17, 2025
Citi and Micron logos

What the analyst said

Citi analyst Christopher Danely reiterated a Buy rating and $120 price target on Micron Technology (NASDAQ: MU).

“Yesterday, TrendForce, an independent research firm, raised their 2Q25 PC DRAM price forecast from down 3-8% QoQ to flat QoQ as inventory at PC OEMs is now “normal.” TrendForce is also expecting 3Q25 DRAM pricing to increase 8-13% QoQ, more than the 3-8% QoQ increase in 2Q25, and they now expect DDR4 (10% of MU sales) prices to rise 0-5% QoQ in 2Q25, above their prior forecast of down 3-8% QoQ.

TrendForce also stated that several NAND (23% of MU sales) products will have increased contract prices in March due to increased demand and lower supply.

We believe all of this is good news for Micron and maintain our Buy rating and $120 target price on MU.”

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 $120 target is 92% below the median, the lowest on the Street.

Since the note MU has moved +911% (from $86.89). The 12-month window closed on April 1, 2026.

Track record

This call✓ Target reached on June 17, 2025, 3 months after the note. Same target as this firm’s March 21, 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, 2025 This noteKept the $120 targetBuy$120
  6. March 21, 2025Target cut from $150 (−20%)Buy$120
  7. February 12, 2025Kept 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.