Citi Raises Micron Price Target to $430, Susquehanna Lifts to $525 on AI-Driven Memory Surge
Citi kept its Buy rating on Micron and raised its price target to $430 from $385, citing 171% projected DRAM ASP growth and 127% NAND ASP gains in 2026 driven by AI demand. Susquehanna also raised its Micron target to $525, reflecting robust memory pricing and constrained fabrication capacity.
1. Analyst Upgrades and Price Targets
Citi maintained its Buy rating on Micron and raised its price target to $430 from $385, while Susquehanna also lifted its target from $345 to $525, reflecting optimism around sustained memory market strength.
2. Projected Memory ASP Growth
Citi projects DRAM average selling prices to climb about 171% year-over-year in 2026 and NAND ASPs to rise roughly 127%, driven by heightened AI data center demand and strong SSD adoption.
3. Market Reaction and Upcoming Earnings
Micron shares rose 2% on the upgrades, and the company is set to report its fiscal second-quarter results on March 18, with investors debating whether current pricing trends signal an extended memory cycle amid constrained new fabrication capacity.