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.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions.
Since being added to the Zacks Focus List on December 27, 2016 at $23.26 per share, shares of MU have increased 234.35% to $77.77.
For fiscal 2025, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $6.85. MU boasts an average earnings surprise of 10.7%.
Moreover, analysts are expecting Micron's earnings to grow 426.9% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like MU, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead 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).
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