{"id":5139,"date":"2026-06-13T15:16:14","date_gmt":"2026-06-13T15:16:14","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5139"},"modified":"2026-06-13T15:16:14","modified_gmt":"2026-06-13T15:16:14","slug":"micron-stock-slips-as-goldman-warns-high-expectations-before-earnings","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5139","title":{"rendered":"Micron stock slips as Goldman warns high expectations before earnings"},"content":{"rendered":"
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Micron Technology (MU) shares edged lower on Friday as investors weighed valuation concerns and rising expectations ahead of the memory-chip maker\u2019s upcoming earnings report.<\/p>\n

However, demand for artificial intelligence-related memory products continued to support the company\u2019s long-term growth outlook.<\/p>\n

Micron stock fell 1.43% on Friday after Goldman Sachs raised its price target on the company but maintained a Neutral rating, highlighting the increasingly bullish sentiment surrounding the stock ahead of its June 24 earnings release.<\/p>\n

The memory-chip manufacturer has been one of the key beneficiaries of the AI infrastructure boom, particularly through demand for high-bandwidth memory (HBM) products used in advanced AI systems. <\/p>\n

Despite Friday\u2019s decline, Micron shares have gained roughly 15% over the past five trading sessions, recovering from recent volatility across the semiconductor sector.<\/p>\n

Goldman Sachs raises target but stays cautious<\/h2>\n

Goldman Sachs analyst James Schneider increased his price target on Micron to $900 from $400 while maintaining a Neutral rating on the stock.<\/p>\n

The analyst cited elevated investor expectations as a reason for caution heading into the company\u2019s earnings report later this month.<\/p>\n

“We believe investor positioning remains very bullish given the dramatic share price run-up and optimism around the potential impact of long-term customer agreements,” Schneider wrote.<\/p>\n

Micron continues to trade at a relatively low valuation compared with broader technology stocks. <\/p>\n

According to FactSet data cited in the report, Micron traded at approximately 10.2 times forward earnings as of Thursday\u2019s close, compared with 24.8 times for the Nasdaq Composite.<\/p>\n

Goldman Sachs based its new price target on an earnings multiple of 18 times Schneider\u2019s normalized earnings-per-share estimate of $50. <\/p>\n

The analyst expects Micron\u2019s earnings, which have been boosted by strong HBM demand, to peak in fiscal 2027 at $138.86 per share.<\/p>\n

“We expect the stock debate to continue to center primarily on long-term customer agreements and the sustainability of DRAM pricing strength; any future commentary regarding HBM progress and share targets will be in focus,” Schneider wrote.<\/p>\n

Earnings expectations remain high<\/h2>\n

Investor attention is now firmly focused on Micron\u2019s June 24 earnings report, which is expected to provide further insight into demand trends across the AI memory market.<\/p>\n

Analysts currently forecast earnings of $19.46 per share, a significant increase from $1.91 per share reported during the same period a year ago.<\/p>\n

Revenue is projected to reach $34.07 billion, compared with $9.30 billion in the prior-year quarter.<\/p>\n

The expected growth reflects continued strength in demand for memory chips used in AI servers and data-center infrastructure, where Micron has become an increasingly important supplier.<\/p>\n

At the same time, investors are closely monitoring pricing trends in the DRAM market, which has historically experienced significant cyclical swings.<\/p>\n

Technical trend remains positive<\/h2>\n

Despite Friday\u2019s pullback, Micron\u2019s longer-term technical picture remains constructive.<\/p>\n

The stock continues to trade well above key moving averages, sitting approximately 12.2% above its 20-day simple moving average and 162.5% above its 200-day moving average.<\/p>\n

The broader moving-average structure also remains bullish, with the 20-day average above the 50-day average and the 50-day average above the 200-day average.<\/p>\n

However, some momentum indicators suggest the recent rally may be cooling. <\/p>\n

The MACD indicator remains below its signal line, indicating that upside momentum has weakened and that the stock could continue consolidating following its strong gains.<\/p>\n

The next major resistance level is near $1,089.50, close to Micron\u2019s 52-week high, as investors await the company\u2019s earnings results and updates on AI-related memory demand.<\/p>\n

The post Micron stock slips as Goldman warns high expectations before earnings<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Micron Technology (MU) shares edged lower on Friday as investors weighed valuation concerns and rising expectations ahead of the memory-chip maker\u2019s upcoming earnings report.However, demand for artificial intelligence-related memory products continued to support the company\u2019s long-term growth outlook.Micron stock fell 1.43% on Friday after Goldman Sachs raised its price target on the company but maintained…<\/p>\n","protected":false},"author":1,"featured_media":5140,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5139"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5140"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}