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Micron Stock Slips After 12-Day Win Streak. Wall Street Boosts Price Targets Ahead of Earnings.

1. Micron's stock set to end a 12-day winning streak. 2. Wedbush raises price target to $200 citing increased cloud demand. 3. Barclays boosts price target to $175 ahead of earnings report. 4. Micron's shares fell 4.3% amidst record high performance. 5. Analysts predict stronger sales and pricing power despite demand ambiguity.

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FAQ

Why Bullish?

Analysts boosting price targets indicates confidence in Micron's growth. Historical surges in semiconductor demand have often led to stock price increases.

How important is it?

Increased analyst ratings directly imply potential stock price movements. The focus on cloud service demand highlights Micron's central market positioning.

Why Short Term?

Earnings report next week could lead to immediate price reactions. Short-term demand spikes typically reflect conditions leading up to earnings.

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