# Goldman Sachs: Micron Stock Slide Offers 70% Upside

> Goldman Sachs says Micron's 17% drop makes stock too cheap, with 70% upside potential.
- Title: Goldman Sachs: Micron Stock Slide Offers 70% Upside | Shortify
- Summary: Goldman Sachs says Micron's 17% drop makes stock too cheap, with 70% upside potential.
- Keywords: micron technology, goldman sachs, james schneider, ai data centers, memory chips, midterm elections, free cash flow, tangible book value, price target, fiscal q1 2027, markets, BigGo Finance
- Source: BigGo Finance — https://finance.biggo.com/news/c7d52a33-eb88-43c8-8856-e81adf8dc122
- Author: BigGo Finance
- Published: 2026-11-10T19:25:18+00:00
- Read time: 1 min
- Topics: micron technology, goldman sachs, james schneider, ai data centers, memory chips, midterm elections, free cash flow, tangible book value, price target, fiscal q1 2027, finance, markets
## Micron stock drops 17% in month
Micron Technology shares fell about 17% in the past month due to concerns over Democratic midterm election wins potentially tightening AI data center construction limits.
## Goldman Sachs keeps Neutral rating
Goldman Sachs analyst James Schneider maintained a Neutral rating on Micron while reaffirming a $1,250 price target, implying roughly 70% upside from recent trading.
## Strong free cash flow boost
Micron posted record quarterly revenue of $54.23 billion and $33.2 billion in adjusted free cash flow, with guidance for $61.5 billion in fiscal Q1 2027 revenue.
## Stock near tangible book value
The stock is approaching tangible book value, trading at about 4.2 times forward earnings, suggesting a discount for investors.
## Analysts remain positive
Analysts hold a Strong Buy consensus with an average price target of $1,624.42, representing about 130% upside from current levels.
## Market debate on memory prices
The debate hinges on whether the memory upcycle has staying power, with Wall Street expecting 17% earnings growth and Micron's free cash flow providing a buffer.
## Key takeaway

Goldman Sachs analyst James Schneider sees 70% upside for Micron Technology stock after 17% slide, citing strong free cash flow and approaching tangible book value.