Citrini Researcher Jukan: Citi Bank Report Assumptions Are Conservative, Micron Technology (MU) May Exceed Expectations This Quarter

Odaily Planet Daily News Jukan, a researcher at the renowned investment research institution Citrini, posted on platform X stating that after reading Citi Bank's earnings preview report, he believes the institution's assumptions regarding Micron Technology's product unit prices are too conservative. If market consensus is at this level, Micron Technology may have the potential to exceed expectations this quarter. Data shows that Micron Technology (MU) stock is temporarily trading at $1,133.99.

Previously, multiple institutions raised their target prices for Micron Technology (MU) to a range of $1,200 to $1,500, including:

Citi raised its target price for Micron Technology to $1,200; Wedbush raised its target price for Micron Technology to $1,300;

Deutsche Bank and investment bank Stifel raised their target price for Micron to $1,500.