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Why Micron (MU) is a Top Stock for the Long-Term

Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.

Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.

Why You Should Pay Attention to Micron (MU)

Idaho-based Micron Technology has established itself as one of the leading worldwide providers of semiconductor memory solutions.

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Since being added to the Zacks Focus List on December 27, 2016 at $23.26 per share, shares of MU have increased 421.8% to $121.37.

For fiscal 2024, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.37 to $0.80. MU boasts an average earnings surprise of 69.6%.

Moreover, analysts are expecting Micron's earnings to grow 118% for the current fiscal year.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like MU offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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Micron Technology, Inc. (MU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research