Goldman Sachs has significantly increased its price target for Micron Technology to $900, citing a bullish outlook on the company's third-quarter financial performance. The firm anticipates that ongoing market tightness will drive Micron's results above both market consensus and the company's own guidance.
Goldman Sachs forecasts Micron's third fiscal quarter revenue to exceed market expectations by approximately 9%, with a notable sequential revenue increase expected in the final fiscal quarter. The firm projects revenue, gross margin, and EPS for the prior quarter at $37.6 billion, 83.4%, and $22.07, respectively, surpassing market consensus figures. For fiscal year 2026, Goldman Sachs estimates Micron's revenue and EPS to be 30% and 36% above market consensus, respectively, while maintaining a "Neutral" rating on the stock.
Goldman Sachs Raises Micron's Price Target to $900 Amid Bullish Outlook
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