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

Citi Turns Even More Bullish on Micron Technology, Inc. (MU)’s DRAM Surge Rameen Kasana Sat, May 23, 2026 at 4:51 PM GMT+2 2 min read MU 005930. KS 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.

Micron Technology, Inc. (NASDAQ:MU), micro, network, diagrams, virtual screen, matrix, program, screen Manczurov/Shutterstock. com 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. While we acknowledge the potential of MU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years   Disclosure: None. Follow Insider Monkey on Google News .