12 Most Promising Growth Stocks According to Wall Street Analysts

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

Analyst Upside as of January 23, 2025: 38%

Number of Hedge Fund Holders: 107

Micron Technology’s (NASDAQ:MU) primary offerings include memory and storage products for computers, consumer electronics, artificial intelligence use cases, servers, and automobiles. Earlier in October 2024, MU was added to NVIDIA’s recommended vendor list for its new data center SSDs, and in November, the company introduced the world’s fastest SSD, with efficiency ramped up to 67%.

Similarly, in the first week of January, the company introduced expansions to its memory and storage portfolio, emphasizing its commitment to innovation and improved performance. More recently, on January 8, the company announced a $7 billion investment spread across several years to meet the surging AI data center demand. The company is developing an advanced packaging facility near its facilities in Singapore. The facility is expected to begin operations in 2026 and will strengthen the semiconductor ecosystem in Singapore.

Micron Technology, Inc. (NASDAQ:MU) is shifting its complete focus to meeting the demands of artificial intelligence and data center customers, making it a solid choice for investors in 2025 and beyond. Analysts are also bullish on the stock with their median price target representing an upside of 38% from current levels.

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