Baird? Why is their opinion any better than a tier-1 banking firm? I recall that Vijay Rakesh of Sterne Agee hyped up Micron more than any other analyst a couple years ago only to see his pick crumble and lose 50% of its value in less than a year and a half. Don't trust anything these analysts say - do your own research, and if you must follow an analyst, consider following S&P: they've been more objective than anyone on MU. I'd buy if they raised their rating to 'Buy' - at this point, it's been rated 'Hold' for more than a year now.