Goldman Sachs is bullish on Micron Technology Inc. (MU) - Get Report .

Analyst Mark Delaney said he is sure the company will top Wall Street profit estimates when it reports fiscal third-quarter results next week. The bullish note sent the stock up 0.8% in morning trading Thursday, June 7, however, the stock was down 1% by the afternoon.

The beat will be fueled by strength in the company's DRAM segment. Delaney said he expects that strength to continue into the third quarter of the calendar year, or "longer than some industry contacts that we had spoken with previously expected."

Goldman Sachs' note contrasts a note published Wednesday, June 6, by Longbow Research that re-established coverage on the stock with a neutral rating.

Micron has 23 buys, 6 holds, zero sells with an average Wall Street price target of $77, according to Bloomberg. The average price target represents a potential 23% upside from the stock's closing price Wednesday of $59.41.