Goldman Sachs analyst James Schneider raised the firm’s price target on Micron (MU) to $235 from $205 and keeps a Neutral rating on the shares. The stock should to rise after a strong quarter and guidance that significantly exceeded Street expectations, even with high investor anticipation, the analyst says in a research note. Rising contract prices across HBM, DRAM, and NAND-driven by tight supply and robust demand, along with constrained cleanroom capacity limiting 2026 bit growth to about 20% and continued HBM roadmap execution, support a constructive outlook for Micron, Goldman says.
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