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Micron Technology (MU) Shares Surge on Citi Price Target Hike Ahead of Q4 Earnings
Micron Technology (MU) Shares Surge on Citi Price Target Hike Ahead of Q4 Earnings
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BTCCSquare news:
Micron Technology's stock rallied sharply after Citi analysts raised their price target to $175, maintaining a Buy rating. The upgrade reflects confidence in Micron's memory and storage products, particularly for AI systems, as demand from data centers drives revenue growth.
Shares climbed 7% on Thursday, extending gains in pre-market trading. Year-to-date performance now stands at nearly 80%, outpacing broader market trends. The company's upcoming Q4 earnings report on September 23 will provide critical insights into future profitability amid rising DRAM and NAND chip prices.
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