Goldman Sachs Micron · MU

Goldman Sachs Reiterates Neutral on Micron, $130 Price Target

September 3, 2025 Analyst: James Schneider 1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$130
Outcome
Reached
on September 5, 2025
Goldman Sachs and Micron logos

What the analyst said

Goldman Sachs analyst James Schneider reiterated a Neutral rating and $130 price target on Micron Technology (NASDAQ: MU).

“Key stock takeaways: We expect investors to continue to focus on Micron’s HBM ramp and the sustainability of pricing strength in the coming quarters.

Following the company’s positive pre-announcement, we expect some upside to Street estimates, with more moderate growth in the November quarter.

We believe investor positioning is relatively balanced given Micron’s continued execution on HBM and sustained near-term strength in DRAM pricing, balanced against concerns related to the direction of travel for industry DRAM pricing in 2026.

We expect investors to focus on: (1) progress on HBM ramp and market share targets exiting 2025; (2) sustainability of DRAM pricing strength; (3) stability of gross margins given the ongoing mix shift to HBM4.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

MU trades at $896. The 27 analysts who set a target in the last 3 months range from $1,200 to $3,000, with a median of $1,540. This $130 target is 92% below the median, the lowest on the Street.

Since the note MU has moved +656% (from $118). The 12-month window closed on September 3, 2026.

Track record

This call✓ Target reached on September 5, 2025, 2 months after the note. Same target as this firm’s July 10, 2025 note, so it is scored there.

Firm track recordGoldman Sachs: 86% of its 21 targets at least a year old were reached within 12 months (#14 of 28 firms); on Micron, 1 of 3. Accuracy ranking →

Goldman Sachs on Micron

Goldman Sachs price targets on Micron

8 calls from July 10, 2025 to October 1, 2026. The target went from $130 to $1,250 (+862%). The rating stayed Hold.

Goldman Sachs targetMU share price
  1. October 1, 2026Target raised from $1,100 (+14%)Hold$1,250
  2. June 25, 2026Target raised from $235 (+368%)Hold$1,100
  3. December 18, 2025Target raised from $205 (+15%)Hold$235
  4. December 3, 2025Target raised from $145 (+41%)Hold$205
  5. September 24, 2025Target raised from $130 (+12%)Hold$145
  6. September 23, 2025Kept the $130 targetHold$130
  7. September 3, 2025 This noteKept the $130 targetHold$130
  8. July 10, 2025Earliest call shownHold$130
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Other analysts on Micron

DA DavidsonBuy Raised price target +43%, kept rating · Oct 7 $3,000from $2,100 BairdBuy Kept rating and price target · Oct 2 $1,520maintained CLSABuy Kept rating and price target · Oct 2 $1,700maintained Freedom BrokerBuy Kept rating and price target · Oct 1 $1,600maintained BernsteinBuy Kept rating and price target · Oct 1 $1,300maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.