Citibank sees Micron Technology (MU.US) rising to $840! The target price nearly doubles, predicting that the average price of DRAM will skyrocket by 200% next year.

According to the Wisdom Finance APP, Citibank has significantly raised the target price of Micron Technology (MU.US) stock from $425 to $840, and maintains a "buy" rating. The reason is the expectation that the company will increase the price of dynamic random access memory (DRAM).