13 Best Blue Chip Stocks to Buy According to Analysts

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

Stock Upside Potential as of July 1: 26.78%

Number of Hedge Fund Holders: 96

Micron Technology (NASDAQ:MU) is one of the 13 best blue-chip stocks to buy, according to analysts. On June 27, analysts at Bernstein SocGen Group reiterated an ‘Outperform’ rating on the stock and a $140 price target. The research firm’s bullish stance is in response to the company’s better-than-expected performance in the high-bandwidth memory segment.

The strong performance in the high-bandwidth segment was one of the catalysts behind Micron Technology delivering nearly 50% growth in its fiscal third quarter of 2025. In addition, HBM remains sold out for the calendar year. Likewise, the company is on track to reach its target market share in the second half of the year, ahead of schedule.

Additionally, Micron is projecting strong bit growth for the calendar year 2026. Bernstein, on the other hand, expects the company to benefit from a significant increase in HBM average selling prices, driven by larger die sizes and favorable trade ratios.

Micron Technology (NASDAQ:MU) is a global leader in memory and storage solutions, specializing in the design, development, manufacturing, and sale of DRAM, NAND, and NOR flash memory. It provides memory and storage solutions for various applications, including data centers, artificial intelligence, automotive, mobile devices, and client computing.

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