Micron snaps 12 day winning streak ahead of earnings

Micron share price [https://invezz.com/wp-content/uploads/2025/09/20250919_1906_Micron-Stock-Surge_simple_compose_01k5h2zw4aetrrer0nzd2f08hp1.png] Micron Technology’s remarkable run of consecutive gains appeared set to halt on Friday, with the stock slipping after notching its longest and strongest winning streak in more than a decade. RECORD-BREAKING RALLY Shares of the Idaho-based memory chip maker were down 3.63% at $162.76 on Friday, following a close at an all-time high of $168.89 the previous day. That capped a 43% gain over 12 trading sessions, the company’s best 12-day stretch since March 2009, according to Dow Jones Market Data. Micron’s stock gains were helped by a surge in Oracle’s gain as it signaled a massive runway for hyperscaler investments in AI workloads. The move has drawn increased attention on Wall Street, particularly ahead of the company’s upcoming fiscal fourth-quarter earnings report next Tuesday. ANALYSTS LIFT PRICE TARGETS Several analysts have highlighted potential upside for Micron despite Friday’s pullback. Wedbush Securities reiterated an Outperform rating and raised its price target to $200 from $165, citing stronger-than-expected demand from cloud-service providers in recent weeks. Analysts Matt Bryson and Antoine Legault noted in a research report that…