On the eve of Micron Technology's financial report release, Wolfe Research and Citigroup maintained their bullish ratings and raised their target prices

Micron Technology is set to announce its third-quarter results on June 26th. Investment banks Wolfe Research and Citigroup have maintained their bullish ratings and raised their target prices. Wolfe Research has raised its target price from $150 to $200, citing strong performance expectations for the company. Citigroup has also raised its target price from $150 to $175, anticipating that the company will report results and guidance above market expectations. UBS has also maintained a "buy" rating on Micron Technology, believing that the overall pricing of the DRAM and NAND industry remains high. Bank of America Securities has reiterated a "buy" rating and raised its target price from $144 to $170, expecting the company to be a major beneficiary of the rising market share in the HBM market