Micron Technology’s Price Target Raised Ahead of Q4 Earnings Report
<p>Goldman Sachs analysts increased their price target for <a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology (NASDAQ:MU)</a> to $85.00 from $80.00 while maintaining a Buy rating ahead of the company's Q4 earnings release, scheduled for September 27. </p>
<p>Despite revising down their 2024 revenue and earnings estimates, the analysts anticipate that improving demand trends and disciplined supply management will drive higher pricing, leading to improved margins, earnings per share (EPS), and sustained stock price outperformance in the coming quarters.</p>
<p>Additionally, the analysts believe that greater clarity about Micron's High Bandwidth Memory (HBM) strategy and roadmap will serve as a positive catalyst for the stock. </p>

NASDAQ:MU