Goldman Sachs Raises Micron Target to $900, Maintains Neutral Rating on June 12

According to Barron's, Goldman Sachs analyst James Schneider raised Micron Technology's (MU) price target from $400 to $900 on Friday, June 12, but maintained a neutral rating on the memory chipmaker. The analyst cited elevated expectations ahead of Micron's earnings report scheduled for June 24. Schneider noted that following the stock's significant advance, investor sentiment remains extremely bullish, and the market has high expectations for the company's long-term customer agreements. Micron's stock closed at $981.61 on Friday, down 1.4% for the day.
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