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Earnings Growth & Price Strength Make Micron (MU) a Stock to Watch

Zacks Equity Research
·1-min read

Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to Micron (MU)

Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions.

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On December 27, 2016, MU was added to the Zacks Focus List at $23.26 per share. Shares have increased 202.97% to $70.47 since then.

For fiscal 2022, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.59 to $9.54. MU boasts an average earnings surprise of 6.6%.

Earnings for Micron are forecasted to see growth of 57.4% for the current fiscal year as well.

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
 
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Zacks Investment Research