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Citigroup raises Micron Technology price target to $1,200 from $840

Citigroup raises Micron Technology price target to $1,200 from $840

The revised target marks a sizable increase in Citigroup’s outlook for Micron Technology, according to Odaily’s brief market update.

Fact Check
Multiple independent sources confirm the exact claim. MT Newswires reports (cited via Moomoo and MarketScreener) and Yahoo Finance's 'Citi Has a New Micron Stock Target for 2027' all state Citigroup raised Micron Technology's price target to $1,200 from $840 while maintaining a Buy rating, dated June 17-18, 2026. The original Odaily newsflash matches these figures exactly. There is no conflicting evidence.
Summary

Citigroup has raised its price target for Micron Technology to $1,200 from $840, reflecting a sharply more bullish view on the company in Odaily’s report. The brief update did not provide the rationale for the change, but target-price revisions are commonly used by brokerages to signal updated expectations for a company’s earnings outlook, demand conditions or valuation.

Terms & Concepts
  • price target: An analyst’s projected future share price.