Micron Technology Stock Jumps on Price Target Increase From Citi
1. Citi raised Micron's price target to $175 from $150, maintaining a 'buy' rating. 2. Surge in demand for DRAM semiconductors and AI products drives this optimism. 3. Micron's stock rose about 8%, reflecting strong market confidence. 4. Analysts expect Micron's upcoming earnings to surpass expectations on Sept 23. 5. Year-to-date, Micron's shares have increased nearly 80%, signaling robust growth.