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Citi has added Micron Technology (Micron) to its “90-day upward catalyst watchlist.”
Rating: Buy; Price target: $1,400
Citi believes the main catalysts are driven by AI and server demand, with DRAM prices in the second half of 2026 expected to continue rising sharply. Citi expects next year’s DRAM prices could grow to nearly 3 times the current level.
Currently, the average target price on Wall Street is about $1,560, including Cantor Fitzgerald and Barclays, both of which have set $2,000 price targets.