10 Large-Cap Stocks That Are On Fire Right Now

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

YTD Return as of April 27: 66.3%

On April 28, TD Cowen analyst Krish Sankar raised the firm’s price target on Micron Technology, Inc. (NASDAQ:MU) to $660 from $550 and kept a Buy rating on the shares. The firm said the “next leg for the stock is more about durability than earnings upside.” TD does not see much upside to its 2027 earnings per share estimate of $110 for Micron. The analyst said the company’s story is shifting, moving away from earnings upside and toward durability. He added that the stock can continue to perform as long as there are signs of demand that support that durability view.

On April 27, Melius Research analyst Ben Reitzes initiated coverage of Micron Technology with a Buy rating and a $700 price target. The firm sees memory companies as central to its AI coverage. It said memory names align closely with AI semiconductors, AI hardware, and hyperscalers. Melius believes the AI memory cycle could extend through the end of the decade. The firm said the market may eventually assign higher value to the “unusual durability of the margin and demand profiles” that AI is creating across high bandwidth memory, DRAM, and NAND. It also initiated coverage on SanDisk with a Buy rating.

Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions. The company offers a range of high-performance DRAM, NAND, and NOR memory products through its Micron and Crucial brands.

While we acknowledge the potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MU and that has 100x upside potential, check out our report about the cheapest AI stock.

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