Citi analysts are bullish on Micron Technology raising its price target to $150!
On the eve of Micron's fiscal 2024 second quarter report, Citi research analysts raised the company's price target to $150 from $95。
On the eve of Micron's second-quarter fiscal 2024 report, Citi research analysts raised the company's price target to $150 from $95 and raised its fiscal 2025 earnings per share (EPS) forecast from 6.$38 raised to 6.65美元。
Analysts said: "We expect the company's results to exceed market expectations and the company will raise its guidance for FY24Q3.。"
The new price target is up 50% from before, but Citi believes the stock should have a premium。"Micron Technology remains our top pick and is a buy rating.。"
The Citi research team expects Micron Technology to report a loss of 0 per share in the second quarter of fiscal 2024, thanks to higher profit margins..$28, while the market forecast a loss per share of 0.42 USD。
Citi's revenue forecast for Micron Technology is $5.3 billion, up 12% month-on-month, broadly in line with market forecasts.。
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