Micron Stock Rises. Why This Analyst Sees a 60% Gain

Micron Technology stock rose after a KeyBanc analyst reiterated his price target and rating, citing continued demand for memory. Shares of Micron, up 490% over the past 12 months, have been riding a surge of demand for memory chips for use in artificial-intelligence servers. KeyBanc analyst John Vinh sees more gains ahead.