Goldman Sachs raises Micron's target price to $900, with expected performance exceeding market consensus

Goldman Sachs report states that market tension will drive Micron's performance to exceed market consensus and company guidelines. Goldman Sachs expects Micron's revenue for the third quarter ending in May to be $37.6 billion, about 9% higher than the market consensus of $34.4 billion, and expects a month on month increase in revenue for the end of August quarter. Goldman Sachs predicts revenue, gross profit margin, and earnings per share for the previous quarter to be $37.6 billion, 83.4%, and $22.07 billion, respectively, while market consensus is $34.4 billion, 81.9%, and $19.74 billion, respectively. The revenue and earnings per share forecast for fiscal year 2026 are 30% and 36% higher than market consensus. The target price has been raised from $400 to $900, with a neutral rating.