$Micron Technology(MU)$ Goldman is playing some pretty questionable games heading up to earnings. Look at this quote from a recent article:
"Analysts led by James Schneider expect Micron to deliver roughly 9% UPSIDE to Street revenue in the quarter - gross margin and EPS of $37.6 billion, 83.4% and $22.07 respectively against consensus of $34.4 billion, 81.9%, and $19.74. For the August quarter, Goldman projects revenue of $48.8 billion v. consensus of $40.4, with full-year '26 rev and EPS sitting 30% and 36% ABOVE the Street."
That's something. So Goldman is setting estimates way above Street consensus, so if MU falls just a little short of any of these, they can state the bear case that MU is underperforming, which would justify their $900 price target.
Don't be fooled by all the games the Street is playing now. They are trying to set numbers for MU that are incredible but nearly unattainable - so they can then say MU is underperforming against their targets.
June 24 is going to see GREAT numbers, by any yardstick. Don't let the Street convince you they are a disappointment.
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