Memory Stocks Surge: Can Micron Hit New Highs After Earnings?
Ahead of Micron earnings scheduled for December 17, Goldman Sachs analysts predicted results that will exceed Wall Street’s consensus.
Goldman expects Micron’s fiscal Q3 revenue to reach $13.2 billion, above the Street’s $12.7 billion estimate, and forecasts EPS of $4.15, higher than the $3.84 consensus.
Bank of America has also raised its price target for Micron to $250.
Micron’s stock has already surged more than 190% this year.
Can Micron hit new highs after the results? And do you believe in the long-term outlook for the memory sector?