Studies have shown that active fund managers routinely underperform the S&P500 index*​

2 Stocks That Could Double in the Next 2 Years

Nu Holdings (NU) and Micron Technology (MU) are stocks that could double in the next 2 years given their forecasts and earnings beats.

1. Nu Holdings (NU)

NU stock continues to post stellar earnings results and relatively low valuation at a 24 PE ratio. With EPS growth forecasts of +63% over the next year this gives Nu Holdings a fantastic PEG ratio of 0.4, which is significantly better than the broader S&P’s PEG ratio of around 1.8.

Nu Holdings have beat all 4 of their last earnings calls and continues to add customers at an impressive rate.

Analysts have rated Nu Holdings a Buy with a one year average forecast of +26%. We put NU as a medium risk, high reward stock and have also rated it a Strong Buy with a +36% one year forecast.

2. Micron Technology (MU)

Up 129% year to date, Micron Technology has had an incredible performance recently as AI driven demand for memory products continues to heat up. With a price to earnings of 35 and a forecasted 170% increase to their EPS over the next year, this gives Micron an incredible PEG ratio of just 0.2.

Micron has smashed all 4 of their last earnings forecasts and the average analyst rating is a Strong Buy with a -9% one year forecast; and we have rated Micron a Buy with a +75% one year price prediction.

Topics: NU stock price forecast, MU stock analysis

Share the Post:

Related Posts