Lates News

Goldman Sachs released a report expecting continued market tightness to drive Micron's performance significantly beyond market consensus expectations and company guidance. The bank previously raised its overall industry outlook and expects tight conditions to persist throughout the entire 2027 fiscal year, bringing higher pricing and profit margins to the industry. With the stock price rising sharply and the potential for optimism from long-term customer agreements, investors still hold a very positive view. Goldman Sachs expects Micron's revenue for the end of May to be about 9% higher than market consensus, and under the push of pricing increases, the company is expected to achieve significant sequential revenue growth in the quarter ending in late August. The bank expects revenue, gross margin, and earnings per share for the previous quarter to be $37.6 billion, 83.4%, and $22.07, respectively, while market consensus is $34.4 billion, 81.9%, and $19.74. For the 2026 fiscal year, the bank's revenue and earnings per share forecasts for Micron are 30% and 36% higher than market consensus, respectively. Goldman Sachs raised Micron's target price from $400 to $900 with a "neutral" rating.