Is Micron (MU) One of the Best Cheap Stocks to Buy for Beginners?

Micron Technology, Inc. (NASDAQ:MU) is one of the best cheap stocks to buy for beginnersOn June 3, Morgan Stanley lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,050 from $520, maintaining an Overweight rating on the shares and stating that there is “no quick fix to the memory shortage” that is going to drive what could be two to three more years, or longer, of tight supply conditions in memory. It also stated that although memory stocks were strong in 2025 and have continued to pace the market again in 2026, Morgan Stanley does not believe that “the run of strong performance is over”.

Micron Technology (MU) - Among the 10 Best Reddit Stocks to Buy According to Billionaires

In another development, Susquehanna lifted the price target on Micron Technology, Inc. (NASDAQ:MU) to $1,750 from $600 on May 29 and maintained a Positive rating on the shares. Susquehanna lifted estimates for memory manufacturers under its coverage, driven by growing confidence in the sustainability of the margin profile and the continued strength in blended ASPs.

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 risk and potential of MU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1