Goldman loves this chip stock ahead of earnings results next week, sees 20% upside

Goldman Sachs is optimistic on Micron Technology stock ahead of quarterly results. The firm reiterated a buy rating on the chipmaker's stock in a Tuesday note, accompanied by a $85 per share price target. Goldman's forecast implies roughly 21% upside from Monday's $70.50 close. Micron stock has added nearly 41% from the start of the year. MU YTD mountain Micron Technology stock. Goldman analyst Toshiya Hari said that while the firm has reduced its estimates for 2024 revenue and earnings, …