If you’re a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That’s why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that’s been proven to generate strong returns.
Now, let’s break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions.
MU was added to the Zacks Focus List on December 27, 2016 at $23.26 per share. Since then, shares have increased 429.28% to $123.11.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.84 to $7.77. MU boasts an average earnings surprise of 9.7%.
Moreover, analysts are expecting Micron’s earnings to grow 497.7% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like MU offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Micron Technology, Inc. (MU) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
