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Goldman Sachs Raises Micron Target Price to $900 Ahead of June 24 Earnings

GateNews
Stocks

According to Barron's reporting, Goldman Sachs analyst James Schneider raised Micron Technology's (MU) target price from $400 to $900 on June 12, maintaining a neutral rating ahead of the company's June 24 earnings report. The stock fell 1.4% to $981.61 Friday, though it has recovered from sub-$900 levels, gaining 15% over five trading days.

Schneider's $900 target is based on an estimated normalized EPS of $50 with an 18x price-to-earnings multiple. He projects Micron's earnings will peak in fiscal 2027 at $138.86 per share, driven by surging AI hardware demand for high-bandwidth memory.

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