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Citi raises Micron price target to $1,300 as DRAM shortages boost outlook and shares hit new highs.

Analyst Insights
23 Sep 2026
Finbold
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Bullish
Citi raises Micron price target to $1,300 as DRAM shortages boost outlook and shares hit new highs.

Citi analyst Atif Malik raised Micron's stock price target from $1,150 to $1,300, maintaining a Buy rating due to stronger-than-expected DRAM pricing and undersupplied memory markets. This optimism is supported by upcoming industry events like SEMICON West, which may highlight ongoing DRAM shortages. UBS also reiterated a Buy rating with a $1,625 target, forecasting strong revenue and margin growth alongside accelerated share repurchases. Micron's shares recently reached their highest close since July, with an average 12-month price target of $1,565 implying a 43% potential rally.

Following the upbeat analyst forecasts for Micron's stock, the shares are trading at USD 1,083.39 on Pluang as of Sep 23, 2026 21:12 WIB, slightly down by 1.16% in the last day. The stock remains well below its 52-week high of USD 1.21K but holds a substantial market cap of $1.24 trillion. Pluang investors typically hold Micron shares for about 46 days, with current order activity showing more sellers (59%) than buyers (41%).

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