Here’s Why Citi Is Bullish on This Chipmaker

By Benzinga
Benzinga
Benzinga
February 24, 2022 Updated: February 24, 2022

Citi analyst Christopher Danely reiterated the Buy rating and $120 price target on Micron Technology Inc. The price target implies an upside of 39 percent.

Danely noted that dynamic random access memory pricing could be higher in the second half of the year.

Danely added that PC demand remains “solid,” though some data center customers have held off on ordering DRAM due to “healthy levels” of inventory.

By Anusuya Lahiri

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