Goldman Sachs raises Micron price target to $1,250, keeps Neutral rating

  • Goldman Sachs raised Micron Technology's price target while retaining its Neutral rating.
  • $54.23 billion was Micron's fiscal-fourth-quarter revenue, with adjusted earnings of $33.42 per share.
  • Micron has 26 long-term agreements covering about 35% of projected revenue through fiscal 2030.

Goldman Sachs raised its Micron Technology price target to $1,250 from $1,100 while maintaining a Neutral rating after the memory-chip maker exceeded Wall Street expectations. Micron reported fiscal fourth-quarter revenue of $54.23 billion and adjusted earnings of $33.42 per share, compared with $11.32 billion and $3.03 per share a year earlier. Analyst James Schneider cited strong demand and expanding customer commitments. Micron has 26 long-term agreements covering about 35% of projected revenue through fiscal 2030, with about 75% including structured pricing. Goldman is balancing tight supply against potential capacity growth later in the cycle and expects additional industry supply to pressure high-bandwidth memory pricing in 2028. GuruFocus also flagged five warning signs for Micron and promoted a free DCF (discounted cash flow) calculator for testing valuation assumptions.

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