Citigroup Cuts Micron Price Target Amid RAM Decline
Citigroup cut Micron’s price target from $510 to $425 on April 2 after citing about a 6% decline in spot prices for mainstream DRAM since March 18, despite Micron reporting revenue nearly tripled year over year to $23.86 billion in its latest earnings. The bank maintained a Buy rating, while Google’s new TurboQuant memory-efficiency tool raised concerns about future high-end memory demand.
Scoring Rationale
Timely, credible market update: an official Citigroup price-target cut tied to measurable (~6%) DRAM spot-price moves and Google’s TurboQuant makes it industry-relevant. Scored high for scope, credibility, and relevance; modestly reduced for limited technical detail and shallow coverage depth.
Practice with real Retail & eCommerce data
90 SQL & Python problems · 15 industry datasets
250 free problems · No credit card
See all Retail & eCommerce problemsStep-by-step roadmaps from zero to job-ready — curated courses, salary data, and the exact learning order that gets you hired.
Sources
- Read OriginalWall Street giant sends doomsday warning to booming California companynypost.com
