Memory prices fall, Citi sharply lowers Micron's target price!
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Citi, citing the recent significant weakness in DDR5 DRAM spot prices, has sharply cut Micron Technology’s target price by 17%, but maintains its Buy rating and all earnings forecasts unchanged, believing the long-term logic of AI-driven storage demand remains fundamentally unshaken.
According to ZF Trading Desk, Citi analyst Atif