Citi Turns Even More Bullish on Micron Technology, Inc. (MU)’s DRAM Surge

Micron Technology, Inc. (NASDAQ:MU) is among the most traded US stocks so far in 2026. On May 18, Citi lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $840 from $425 and maintained a Buy rating. The firm believes that the company is raising DRAM prices 40% in calendar Q2, after competitor Samsung’s whopping 100% rise in prices in the previous quarter.

While expecting DRAM recovery to continue through CY27, the firm anticipates HBM pricing to go even higher next year due to constrained HBM capacity and assumptions that memory makers will remain disciplined in adding supply. This is done to prevent HBM content from reductions in AI data centers in 2027.

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On the same day, Melius Research also elevated the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,100 from $700 and reiterated a Buy rating. The firm noted that “nothing really emerged as incrementally good from Trump going to China,” remaining “incrementally good” about memory and AI semiconductor names. This resulted in higher price targets and long-term estimates for all of the firm’s Buy-rated “bottleneck stocks.” With an impressive one-year return of 693.57%, MU is among the most traded US Stocks So Far in 2026.

Micron Technology, Inc. (NASDAQ:MU) is an Idaho-based company specializing in memory and storage products. Incorporated in 1978, the company operates through four segments, including the Cloud Memory Business Unit and Core Data Center Business Unit.

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