Citi Reiterates Buy Rating, Top Pick on Micron Technology (MU)

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Go back to Citi Reiterates Buy Rating, Top Pick on Micron Technology (MU)

Here's why this semiconductor stock remains a top pick at Citi

October 9, 2023 1:15 PM EDT

Citi reiterated a top pick rating on one semiconductor manufacturing stock in a note to clients on Monday.

Analyst Christopher Danely said Buy-rated Micron Technology (NASDAQ: MU) is that top pick as the firm sees the beginning of a DRAM upturn.

"Yesterday,... More

Micron Technology (MU) Mentioned Positive at Citi, 'Top Pick'

October 9, 2023 6:27 AM EDT

Citi analyst Christopher Danely reiterated a Buy rating and $85.00 price target on Micron Technology (NASDAQ: MU)

The analyst comments "Yesterday, TrendForce raised their 4Q23 DRAM price forecast from 0% QoQ to up 3%-8% sequentially, driven by Samsungs production cuts. They expect more upside... More