5 Most Undervalued Value Stocks to Buy Right Now

Page 5 of 5

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

Micron Technology, Inc. (NASDAQ:MU) earns a place on our list of the 8 most undervalued value stocks to buy right now.

By March 30, 2026, 94% of covering analysts were bullish about Micron Technology, Inc. (NASDAQ:MU), and the consensus price target of $550.00 implied a 60.34% increase.

Rosenblatt maintained a Buy rating and increased its price target to $600 on March 19, 2026, noting high DRAM and NAND prices, 45% revenue growth, and multi-year Strategic Customer Agreements that enhance longer-term visibility. Micron Technology, Inc. (NASDAQ:MU) anticipates that during 2026 and 2027, demand will exceed supply, and significant new wafer capacity will not be available until 2027 or 2028.

Additionally, on March 19, 2026, BofA Securities repeated its Buy rating on Micron Technology, Inc. (NASDAQ:MU) and increased its price target to $500, arguing that the memory upcycle might last until 2027. With forecasts of $69.88 for 2026 and $76.50 for 2027, the investment firm raised its fiscal 2026-2028 EPS predictions by 70% to 100%. It also stated that gross margin might remain close to peak levels at 81%.

Micron Technology, Inc. (NASDAQ:MU) provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).

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: 8 Most Undervalued Cloud Stocks to Buy According to Analysts and 11 Most Overvalued Companies According to the Media.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 5 of 5