Micron Technology's extraordinary 2026 rally may have significantly more room to run as a new wave of artificial intelligence demand reshapes the memory chip market, according to Baird.
The investment firm reiterated its outperform rating on Micron and raised its price target to $1,520 from $1,280, a level that would take the chipmaker into record territory. The new target represents roughly 40% upside from Friday's closing price and comes after Micron shares have already surged 279% this year.
