Micron is rallying after Mizuho raised its price target, citing strong demand for memory chips in AI data centers.
- Mizuho analyst Vijay Rakesh increased the firm's price target on MU to $800 from $740, maintaining an "outperform" rating.
- The analyst highlighted rising demand for memory chips in AI servers, a trend expected to continue into the first half of 2027.
- This positive analyst action provides a specific catalyst for the stock's rebound, which comes after several days of pullbacks.