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Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuGrowing demand for agentic artificial intelligence will drive Micron Technology shares to never-before-seen heights, according to Baird. The firm reiterated its outperform rating on the memory chipmaker and raised its price target on the stock to $1,520 from $1,280. The new forecast signals upside of 40% from Friday’s close. “We are incrementally positive on Micron near- and medium term, owing to 1) the recent surge in agentic AI demand, notably driving CPU demand and which we expect will be ongoing next year; 2) a deceleration in [dynamic random access memory] supply bit growth outlook industrywide for 2027 versus this year; 3) a higher margin profile expected for [high bandwidth memory] next year,” analyst Tristan Gerra wrote in a Monday note. MU YTD mountain MU year to date DRAM refers to the main memory chip used by phones, computers and other devices. HBM are stacks of DRAM used in AI to move data at fast speeds. Micron has been on a tear this year along with other memory stocks in large part due to a memory chip shortage. The stock is up 279% in 2026. One June 25, shares hit an intraday record high of $1,255. Baird’s price target hike comes ahead of Micron’s fiscal fourth-quarter report, due Wednesday. Analysts expect a blockbuster release, with an LSEG consensus calling for year-over-year earnings growth of 939%. Analysts covering Micron are generally bullish on the chipmaker. LSEG data shows that 46 of 49 rate the stock a buy or strong buy. The average price target also implies upside of 34%.Read More