investment

Micron Stock Price Target Slashed After Plunge

PATRICK SEITZ

1 min read

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⚡ Quantum Brief

Citi drastically cut its price target for Micron Technology on Tuesday, reflecting waning investor confidence in the memory-chip manufacturer. The downgrade follows a sharp decline in Micron’s stock, signaling broader market skepticism about the company’s near-term growth prospects. Analysts cited weakened demand for memory chips and industry oversupply as key factors behind the lowered valuation. The adjustment underscores ongoing challenges in the semiconductor sector, where pricing pressures and inventory gluts persist. Investors are now reassessing Micron’s position amid shifting market dynamics and competitive pressures in the tech hardware space.

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Citi on Tuesday slashed its price target on Micron Technology (MU) stock after the memory-chip maker fell out of favor with investors. Citi analyst Atif Malik reiterated his buy rating on Micron stock but cut his price target to 425 from 510. On the stock market today, Micron stock rose 5% to close at 337.84. On March 18, Micron stock… Related news What Oil Shock? S Micron, Nvidia Score Big Wins (Live Coverage) Dow Jones Futures: Nasdaq Falls After Trump, Powell Comments; Micron, Nvidia, Palantir, Tesla Are Key Losers Memory Chip Pricing Strength Likely To Continue Into 2027 Stock Market Today: Dow Up As Powell Says This; Micron Dives, Alternative Asset Plays Get A Lift (Live Coverage) Dow Jones Futures Rise, Oil Prices Above $100; Trump Hails 'Great Progress' In Iran Talks, Issues Threats Stock Market Breaks Lower As Oil Prices Rebound Amid Iran War; Arm Flexes: Weekly Review Morgan Stanley Defends Memory Chip Stocks Amid Slump

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