Here’s What Citi and UBS Think About Micron Technology (MU)

​The Street has a bullish outlook connected Micron Technology, Inc. (NASDAQ:MU) arsenic 92% of the 48 analysts covering the banal person a Buy rating. Moreover, the analyst’s 12-month mean terms people suggests much than 20% upside from the existent level.

​Recently, connected April 7, Timothy Arcuri from UBS raised the terms people connected the banal from $510 to $535, portion maintaining a Buy standing connected the shares. The steadfast noted stronger DRAM and NAND pricing arsenic 1 of the cardinal reasons down the terms people upgrade. Moreover, UBS besides highlighted that a imaginable representation super-cycle tin offset gross borderline concerns.

​On the different hand, earlier connected March 31, Atif Malik from Citi assigned a Buy standing connected the banal but lowered the terms people from $512.05 to $425. The expert quoted weaker DRAM spot prices owed to TurboQuant concerns. However, the expert inactive believes the medium-term request for DRAM and NAND remains intact.

​Micron Technology Inc. (NASDAQ:MU) designs, develops, manufactures, and markets representation and retention products, including dynamic random-access representation (DRAM), flash representation (NAND), solid-state drives (SSDs), and High Bandwidth Memory (HBM) globally.

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