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Citi on Micron (MU) Post DRAM Contract Quoting Deferral: 'We believe this could be positive for DRAM...likely will be some inventory scrappage, leading to less supply'

April 3, 2024 3:08 PM EDT

Citi analyst Christopher Danely reiterated a Buy rating and $150.00 price target on Micron Technology (NASDAQ: MU).

The analyst comments "Yesterday, several sources reported that a magnitude 7.4 earthquake struck Taiwan. We would note that Micron has roughly 60% of its DRAM manufacturing in Taiwan. According to... More

Micron Technology (MU) PT Raised to $144 at BofA Securities, 'could be different this time'

April 1, 2024 5:27 AM EDT

BofA Securities analyst Vivek Arya raised the price target on Micron Technology (NASDAQ: MU) to $144.00 (from $120.00) while maintaining a Buy rating.

The analyst comments "Usually new memory demand cycles are met with a supply response, leading inevitably to inventory and price pressure.... More