TradingKey – Micron stands firm above the $1,000 mark as Citi expects a push to new record highs, raising its target price to $1,300.

On September 23 Eastern Time, shares of Micron Technology (MU) consolidated at high levels, edging down 0.56% in pre-market trading to $1,090. Yesterday, Micron’s stock continued to surge after opening, closing up 5% to firmly hold above the $1,000 mark at $1,096.16, hitting its highest level since July 1 this year.

Micron stock chart, Source: TradingView

As Micron’s stock price rebounded, it further narrowed the gap with its all-time high of $1,255.00, leaving a remaining upside of roughly 15%. However, amid concerns over AI safety, the market remains skeptical about Micron returning to its record peak….