10 Best Fast Growth Stocks to Buy Now

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3. Micron Technology, Inc. (NASDAQ:MU)

Quarterly Revenue Growth: 36.56%

Number of Hedge Fund Holders: 94

Micron Technology, Inc. (NASDAQ:MU) ranks among the best fast growth stocks to buy now. In anticipation of Micron Technology, Inc. (NASDAQ:MU)’s upcoming earnings report, Deutsche Bank maintained its Buy rating on the company on September 15 and boosted its price target from $155 to $175.

The bank expects DRAM supply to remain constrained until 2026, with High Bandwidth Memory (HBM) taking a significant share of bit capacity at a 3:1 trading ratio that continues to expand. This supply restriction is projected to end up in strong average selling price inflation and increased gross margins, with Deutsche Bank predicting an obvious path to margins exceeding 50%.

The firm also upgraded Micron’s 2026 revenue estimate by 3% to $54.3 billion and EPS forecast by 6% from $14.55 to $15.45, while keeping a price target of about 11 times price-to-earnings ratio.

Micron Technology, Inc. (NASDAQ:MU) is a leading manufacturer of solid-state drives (SSDs), flash memory, and dynamic random-access memory (DRAM), among other memory and data storage products.

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