Citigroup sharply raised Micron’s target price to $840: HBM prices will rise again next year, and EPS will surpass $100!
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Driven by the surge in AI computing demand and continuously limited supply, the memory industry is entering a rare super-boom cycle and a phase of profit revaluation.
On May 18, Citigroup analyst Atif Malik released a report, significantly raising Micron Technology’s target price from $425 to $840—a near