5 Best Bargain Stocks to Buy in June

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

Forward P/E: ~10x

Number of Hedge Fund Holders: 154

Micron Technology, Inc. (NASDAQ:MU) is one of the Best Bargain Stocks to Buy in June. On June 11, Wolfe Research lifted its price objective on the company’s stock to $1,250 from $550 and maintained an “Outperform” rating. The firm lifted its memory model to demonstrate increases in DRAM pricing for CY 2026 and CY 2027, respectively. Also, it expects that bit shipment growth would be limited by cleanroom space at least through 2027.

Wolfe Research increased Micron Technology, Inc. (NASDAQ:MU)’s estimates to imply a ~45% rise in pricing in fiscal Q3 and elevated pricing levels through 2026. Therefore, for 2027, the firm’s estimates for Micron Technology, Inc. (NASDAQ:MU) now stand at $226.5 billion for revenue and $135 for EPS. The demand is expected to surpass supply at least through 2027 and potentially into 2028, added the firm.

Furthermore, the long-term agreements continue to be entered into between suppliers and major customers for available supply over the upcoming several years.

Micron Technology, Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.

While we acknowledge the potential of MU to grow, 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.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

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