Citrini researcher Jukan: Citigroup’s forecast assumptions are conservative, Micron Technology (MU) may exceed expectations this quarter

Odaily reported that Jukan, a researcher at the well-known investment research firm Citrini, stated on the X platform that after reading Citigroup’s earnings preview report, he believes the institution’s assumptions regarding the unit price of Micron Technology products are too conservative. If market consensus is at this level, Micron Technology could potentially exceed expectations this quarter. Data shows that Micron Technology (MU) is currently trading at $1133.99.

Earlier news indicated that multiple institutions have raised their target prices for Micron Technology (MU) to between $1,200 and $1,500, including:

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

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