- Citi says "happy days are here again" for Micron (NASDAQ:MU) as checks indicated "DRAM pricing is better than expected. "
- The firm expects that pricing upside through 2021 due to the "supply/demand imbalance."
- Micron's EPS could peak at $15, a record high, and the stock has a path to $150 per share, says Citi.
- The firm reiterates its Buy rating, $113 price target, and top pick designation for Micron.
- Micron shares are down 0.9% pre-market to $85.31.
- Yesterday, Micron's DRAM peer Samsung had to pause operations at its facilities in Texas due to the energy shortage.