Citi Raises Micron Price Target to $1,200, Forecasts 200% DRAM Price Surge in 2026

DRAM-9.04%
According to Citi on June 23, the investment bank raised Micron's price target from $840 to $1,200 while maintaining a "buy" rating. Citi forecasts DRAM average prices will surge 200% in 2026, with NAND prices climbing 186% over the same period. The bank predicts Micron's fiscal 2026 earnings per share at $60.73, rising to $114.73 in fiscal 2027, driven by AI server demand and a projected 5% DRAM supply deficit.
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