Ive never put much faith in mu, but with saying that i feel this time will be different. With their recent acquisition and the new lexar capabilities i feel its going run. I have stayed on the sidelines for years and got in today i hope i made the right choice but i think its going run up quick. Hopefully not a sucker move.
Sbro. Not sure of Citi's price target but it seems somewhat reasonable if they (MU) can get it together. After all, by simple point of comparison with the industry leader (SNDK) one could presume MU to be undervalued here at the low $7 level. There is room for appreciation if only as a function of a more reasonable valuation vis-v-vie SNDK. But MU is in that onerous position of having to prove itself to the market. A market that, from witnessing the fashion in which it has traded day in and day out the past year or so, clearly needs to be shown the money.
In any case Citi's ~$10 ain't out of the realm of possibility. But let's see what really happens going forward.