# Citi Raises Micron Target to $1,300

> Citi boosts Micron stock target to $1,300 amid stronger DRAM pricing and supply tightness.
- Title: Citi Raises Micron Target to $1,300 · 24/7 Wall St. | Shortify
- Summary: Citi boosts Micron stock target to $1,300 amid stronger DRAM pricing and supply tightness. Citi raised Micron's price target to $1,300 due to…
- Keywords: micron, citi, drum pricing, supply tightness, price target, semicon west, fiscal q4, Raises, Target, 300, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/23/micron-price-target-raised-to-1300-by-citi-on-stronger-dram-pricing-undersupply
- Author: Vandita Jadeja
- Published: 2026-09-23T17:15:25+00:00
- Read time: 1 min
- Topics: micron, citi, drum pricing, supply tightness, price target, semicon west, fiscal q4
## Citi Adjusts Micron Target
Citi raised its Micron price target to $1,300 from $1,150 while maintaining a buy rating.

> Citi analyst Atif Malik raised his August and November quarter estimates on the back of stronger DRAM pricing than he had modeled.
## Stronger DRAM Pricing
DRAM pricing has strengthened, with fiscal Q3 revenue up 345.7% year over year.

> Fiscal Q3 DRAM prices increased in the low 60s percentage range, while NAND prices rose in the mid-80s percentage range.
## Supply Tightness Continues
Micron expects tight conditions to persist beyond calendar 2027 due to undersupply.

> DRAM and NAND industry demand continues to significantly exceed industry supply
## Fiscal Q4 Guidance
Micron forecasts fiscal Q4 revenue of $50 billion plus or minus $1 billion and EPS of $31 plus or minus $1.

> Micron has also signed 16 Strategic Customer Agreements, typically five-year take-or-pay agreements running through calendar 2030.
## Street Target Comparison
Citi’s $1,300 target sits below the Street average of $1,515, suggesting room for further upward revisions.

> Consensus fiscal 2027 EPS has climbed to $156.53, up from $117.86 ninety days ago.
## Contract-Driven Growth
Micron’s 16 Strategic Customer Agreements could generate $100 billion in cumulative revenue once fully executed.

> For 14 of the 16 signed agreements, cumulative revenue at the minimum price is approximately $100 billion
## What Happens Next
Micron stock may continue rising as DRAM pricing power and undersupply drive further gains.

> The combination of undersupply, take-or-pay contracts, and rising consensus estimates warrants a closer look.
## Key takeaway

Citi raised Micron's price target to $1,300 due to better-than-expected DRAM pricing and continued supply shortages.