In a significant development for Micron Technology (MU, Financial), renowned financial institution Goldman Sachs has initiated coverage on the semiconductor company. The coverage, led by analyst James Sheehan, includes announcing a price target of $130.00 USD for the stock.
Goldman Sachs' coverage on Micron Technology (MU, Financial) comes with a "Neutral" rating. This places the stock in a position that suggests stability amidst market fluctuations, without a strong inclination towards a buy or sell recommendation.
As of this announcement on July 10, 2025, there is no prior price target or rating to compare this new analysis against, as it's the first coverage by Goldman Sachs on Micron Technology (MU, Financial).
Investors and market watchers will closely observe Micron Technology (MU, Financial) to see how the stock performs in the coming months, considering the "Neutral" stance and the set price target by Goldman Sachs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 35 analysts, the average target price for Micron Technology Inc (MU, Financial) is $143.59 with a high estimate of $200.00 and a low estimate of $60.00. The average target implies an upside of 17.47% from the current price of $122.24. More detailed estimate data can be found on the Micron Technology Inc (MU) Forecast page.
Based on the consensus recommendation from 42 brokerage firms, Micron Technology Inc's (MU, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Micron Technology Inc (MU, Financial) in one year is $168.77, suggesting a upside of 38.06% from the current price of $122.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Micron Technology Inc (MU) Summary page.
