Micron slides again after the rally: Citigroup significantly cuts the target price, with the largest on-chain long position 2.2% away from liquidation.

MarsBitNews · 2026-03-31T11:18:26+00:00

Citigroup has lowered its target price for Micron by 17% to $425 due to softening spot prices of DDR5 DRAM, maintaining a buy rating. Micron's stock price fell 1.5% pre-market, and Hyperliquid's long contract losses expanded to 12.5%, with the largest long position's unrealized losses increasing.

MarsBitNews

2026-03-31 11:18:26

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Mars Finance news: March 31, according to monitoring by Hyperinsight, Citigroup lowered its target price for Micron by 17% to 425 from 510, citing that DDR5 DRAM spot prices have recently weakened significantly, but maintained a Buy rating and left all earnings forecasts unchanged. In pre-market trading, Micron’s stock price fell by 1.5%; on Hyperliquid, the MU contract’s intraday decline widened to 12.5%, temporarily at $317. On Hyperliquid, MU’s largest long, the “Continue Capital related address,” saw its unrealized loss increase to $1.25 million, with a return rate of about -320%; the position size is $5.47 million, with an average price of $390, a liquidation price of $310.2, and it is 2.2% away from liquidation; it has not stopped loss yet.

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