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Goldman Sachs analysts foresee that Micron Technology's fiscal third-quarter earnings report, slated for release later this month, will be exceptional. Due to the constrained supply and a notable surge in demand for memory chips, Goldman Sachs has significantly boosted its earnings projections and target stock price for Micron Technology, elevating the 12-month target stock price from $400 to $900. Concurrently, it has increased its revenue and non-GAAP earnings-per-share forecasts for 2026 and 2027 by an average of 28% and 36%, respectively. This adjustment reflects the intensification of industry pricing trends and the potential for demand growth. Despite these optimistic projections, Goldman Sachs maintains a 'neutral' rating on the stock.
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