Citi and Susquehanna Raise Micron Price Targets Despite Recent Stock Slide
Key Facts
Micron Technology is expected to deliver a double beat on earnings and revenue for the second quarter of 2026, fueled by the ongoing AI boom. Analysts project that DRAM prices could surge by as much as 70% as global demand significantly outpaces supply. Strengthening this outlook, analysts at Citi and Susquehanna have raised their price targets for Micron stock ahead of the upcoming earnings report. This bullish stance from major investment banks comes despite a recent slide in the stock's market value, signaling strong conviction in the company's trajectory. Micron has already sold out its HBM supply for 2026, forcing customers into prepayments and granting the firm substantial pricing power. Consequently, MU remains a primary beneficiary of the massive infrastructure expansion required for artificial intelligence.
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