Goldman Sachs Raises Micron Target to $1,100, Citing Strong HBM4 Outlook

Goldman Sachs projects Micron's quarterly revenue to reach $51.9 billion, exceeding market consensus by approximately 3%, with strong performance in DRAM and NAND. The firm maintains a neutral rating with a $12-month price target of $1,100. Key focus areas for investors include strategic customer agreements, capital return plans, and the rollout of HBM4. Long-term risks include potential DRAM price pressure from the capacity expansion of Chinese competitor CXMT.