<div id="readability-page-1">Citi raised the price target on Micron Technology's (MU) stock to $840 from $425, citing expectations that the company would raise Dynamic Random-Access Memory, or DRAM, prices. The firm kept its Buy rating on Micron's shares. &#34;We raise our price target on Micron from $425 (5x C27 EPS) to $840 (8x C27 EPS) as we believe Micron is raising DRAM price...</div>

DRAM

<p>Citi has raised its price target for Micron Technology (MU) from $425 to $840, anticipating a 40% increase in DRAM prices in Q2 following Samsung's 100% hike. The firm maintains a Buy rating, projecting DRAM ASPs to rise 200% YoY in 2026. Analysts noted tight HBM supply and expect further price increases in 2027. Despite this positive outlook, Micron's shares fell 1% premarket.</p>

- Citi raised the price target on Micron Technology's stock to $840 from $425, anticipating an increase in Dynamic Random-Access Memory prices.  
- The firm maintained its Buy rating on Micron's shares, indicating confidence in the company's performance.  
- This adjustment reflects a belief that Micron's earnings per share will justify the higher valuation.

Micron sees bullish views at Citi on expected DRAM price hike