Goldman Sachs raises Micron's target price from $400 to $900.

Goldman Sachs raises Micron's target price from $400 to $900. BlockBeats news, June 9, Goldman Sachs issued a report expecting that ongoing market tension will drive Micron's performance to significantly surpass market consensus expectations and company guidance.
The bank previously upgraded the overall industry outlook and expects the tension to continue throughout fiscal year 2027, bringing higher pricing and profit margins for the industry.
Next, focus on three things: whether relevant funds continue to flow in, whether on-chain trading volume and holdings continue to expand, and whether project teams or regulators provide new confirmation information.
A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can solidify into a trend.
Risks should also be considered: given the sharp rise in stock price and market optimism about potential long-term customer agreements, investors remain very optimistic about holdings.
Goldman Sachs expects Micron's revenue for the third fiscal quarter ending in late May to be about 9% higher than market consensus, and driven by upward pricing, guide a significant month-over-month revenue growth for the fiscal quarter ending in late August.
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