Headline: Citi, Deutsche Bank Raise Micron (MU) Price Targets Amid DRAM Super Cycle Outlook

Citi analyst Atif Malik raised Micron Technology (MU-US) target price to $1,200 from $840 on June 17, 2026, maintaining a Buy rating. Deutsche Bank simultaneously increased its target to $1,500 from $1,000. This follows Micron's stock surging 258% year-to-date, with analysts citing a projected DRAM "super cycle" extending into 2027. Citi forecasts 2026 DRAM Average Selling Price (ASP) to rise 200% year-over-year, driven by data center demand and supply constraints. NAND ASP is projected to increase 186% in 2026. The firm anticipates a 5% global DRAM supply deficit in 2026 and lifted its FY27 EPS estimate for Micron by 10% to $114.73. Micron is scheduled to release its Q3 FY26 earnings on June 24, 2026.