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Goldman Sachs Raises Micron's Price Target from $400 to $900

2026.06.09 16:53:18

June 9th — Goldman Sachs published a report projecting that sustained market tightness will push Micron’s performance materially above both market consensus expectations and the company’s own guidance. The firm had previously lifted its broader semiconductor industry outlook, and now anticipates this tightness to persist through fiscal 2027, lifting industry-wide pricing and profit margins. Amid sharp recent stock gains and market optimism around long-term customer contracts, investors remain highly bullish on Micron’s shares. For Micron’s third quarter (ended late May), Goldman Sachs sees revenue coming in roughly 9% above market consensus, with pricing tailwinds driving strong sequential growth for the quarter ending in late August. The firm forecasts the prior quarter’s revenue at $37.6 billion, gross margin at 83.4%, and EPS at $22.07 — versus consensus estimates of $34.4 billion, 81.9%, and $19.74 respectively. For fiscal 2026, Goldman Sachs’ revenue and EPS projections for Micron are 30% and 36% above the market consensus. The bank has raised Micron’s price target from $400 to $900, while retaining a “Neutral” rating on the stock.
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