Wall Street Tells Investors Its Less Excited About Micron Stock

Citi cut its Micron price target to $425 from $510 (≈-16.7%) but maintained a Buy rating, reflecting a tempered valuation view while still constructive. The firm pushed back on what it sees as an overblown narrative that TurboQuant will meaningfully impair memory demand.

Analysis

Citi cut its Micron price target to $425 from $510 (≈-16.7%) but maintained a Buy rating, reflecting a tempered valuation view while still constructive. The firm pushed back on what it sees as an overblown narrative that TurboQuant will meaningfully impair memory demand.