Baird Ups MU Target on Agentic AI Demand — SkimNews
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- Baird raised its price target on Micron (NASDAQ:MU), explicitly citing a "surge in agentic AI demand" as the catalyst for the upgrade.
- Micron shares slipped in pre-earnings trading, with Seeking Alpha flagging a historical pattern of post-earnings plunges and analysts eyeing 86% gross margin guidance.
Why it matters: Baird's bullish call collides with a softening share price and a track record of post-earnings drops — Micron's upcoming print becomes a binary event where the 86% gross margin analysts have penciled in is the key test of whether agentic AI memory demand is translating into real pricing power.
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