According to Barron's, citing Goldman Sachs analysts, Micron Technology (MU) stock rose 6.2% to $769.74 premarket on Wednesday (November 11), after dropping 21% over the past month amid concerns about potential Democratic opposition to data center investment. However, Goldman Sachs maintains a "neutral" rating on Micron, favoring SK Hynix and Samsung instead based on tangible book value multiples rather than price-to-earnings ratios. Analyst James Schneider noted that while Micron trades at 5.4 times tangible book value, both SK Hynix and Samsung now trade below their respective tangible book values, offering more attractive valuations. Goldman assigned "buy" ratings to both competitors. Despite the neutral stance, Goldman's $1,250 price target suggests significant upside potential.

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