高盛大幅上调美光目标价至900美元

Odaily Planet Daily reported that Goldman Sachs released a report, anticipating that sustained market tightness will drive Micron's performance to significantly exceed market consensus expectations and the company's own guidance. The bank previously raised its overall industry outlook and expects the tight conditions to continue throughout the fiscal year 2027, bringing higher pricing and profit margins to the industry.

Considering the significant stock price appreciation and the potential optimism stemming from long-term customer agreements, investor positioning remains very bullish. Goldman Sachs expects Micron's revenue for the third fiscal quarter ending May 31st to be approximately 9% above market consensus, and driven by higher pricing, guidance points to significant sequential revenue growth in the final fiscal quarter ending August 31st.

The bank expects revenue, gross margin, and earnings per share for the last fiscal quarter to be $37.6 billion, 83.4%, and $22.07, respectively, compared to the market consensus of $34.4 billion, 81.9%, and $19.74. For fiscal year 2026, Goldman Sachs' revenue/EPS estimates for Micron are 30% and 36% above market consensus. Goldman Sachs raised its price target for Micron from $400 to $900, with a "Neutral" rating. (Jin Shi)