Goldman Sachs has initiated coverage of Micron Technology (NASDAQ: MU) with a Neutral rating and a $130 price target, reflecting a cautious outlook for the semiconductor space. Analysts describe the industry as in a “mid-cycle” phase with stable revenue expected through 2026. Micron is a key player in memory and storage, poised to benefit from a potential NAND flash memory market rebound. Despite optimism, analysts see more downside than upside risk in the current environment, but note China may present growth opportunities for U.S. semiconductor firms.

Read more at Yahoo Finance: Goldman Sachs Initiates Micron (MU) with a Neutral Rating