Micron Technology (MU)
With a PE around 40 and impressive EPS growth estimates of almost 42% year over year, Micron Technology is definitely one of the fan favourites right now. Analysts have rated MU stock a Strong Buy and are signalling positive momentum with constant positive earnings revisions. Micron has beat all 8 of their last earnings calls, and while their valuation is on the higher side it is largely mitigated with those incredible short term earnings forecasts. We have put MU as a medium risk, high reward stock and maintain our Buy rating.
Broadcom Inc (AVGO)
Broadcom has a pretty high valuation with a Price to Earnings ratio of 67, but it’s seriously high EPS growth estimates are definitely there to back up the premium. Analysts are forecasting EPS growth over 69% by late 2028 and have rated Broadcom a Strong Buy with an average 1 year forecast of +40%. They have beat all 4 of their last earnings calls, and the semiconductor industry is expected to grow at a compound annual growth rate (CAGR) of around 8-13% out to 2030 which makes Broadcom a serious growth stock contender. We have put AVGO as a medium risk, high reward stock and maintain a Strong Buy rating.
