Micron Technology

Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right

Micron Technology (NASDAQ:MU) stock is down 6% to $347 in early trading this Thursday morning, reversing a large portion of yesterday’s 8.88% rally that closed the stock at $367.85. The immediate catalyst is a 16% price target cut from Citi, citing DDR5 DRAM price softness and concerns about Google’s TurboQuant memory-compression technology. The timing adds ... Micron Drops 6% After Citi’s Price Target Cut: 3 Reasons Bears and Bulls Are Both Right