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What Analysts Think of Micron Stock Ahead of Earnings

1. Micron's Q2 results announcement is set for Thursday market close. 2. Analysts have a bullish sentiment with 10 'buy' ratings. 3. UBS raised price target to $130, indicating improved pricing outlook. 4. Expected revenue of $7.9 billion reflects 36% year-over-year growth. 5. Micron shares gained nearly 3% recently, showing positive momentum.

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FAQ

Why Bullish?

Analysts' positive outlook and raised price targets suggest potential stock price increase. Historical trends show strong earnings often correlate with stock appreciation.

How important is it?

Positive analyst ratings and revenue growth projections strongly correlate with stock performance.

Why Short Term?

Immediate results reporting can significantly affect stock price volatility and optimism quickly.

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