Micron price target raised to $205 from $180 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Micron (MU) to $205 from $180 and keeps a Neutral rating on the shares. Investors are likely to stay focused on persistent undersupply in DRAM and NAND and whether current pricing strength can continue, especially given elevated expectations for Micron’s ongoing benefit from robust DRAM trends, the analyst says in a research note. Key watchpoints include the durability of pricing gains, progress in HBM share and HBM4 qualification, and the forward gross-margin path amid continued pricing momentum, the firm says.