1. Micron Technology (MU)
Up 75% in the past month, Micron Technology has had an incredible past few years as the 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 beat 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.
2. Taiwan Semiconductor (TSM)
TSM is forecasted to see a 50% increase to its EPS over the next year, and that gives this stock a good PEG ratio of 0.7 given its current PE of 35. Taiwan Semiconductor has beat all 4 of their last earnings calls and continues to see impressive revenue growth.
Analysts have rated TSM a Strong Buy on average with a -7% one year forecast, and we have it rated it a Buy with a +16% one year forecast.
3. Nu Holdings (NU)
Now down 19% year to date, we have rated NU highly multiple times over the past few years thanks to its stellar earnings growth and relatively low valuation. At a 25 price to earnings multiple and 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.
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.
4. Applovin (APP)
Applovin stock is now down around 24% year to date with a price to earnings valuation of 40. They have beat all 4 of their last earnings calls and currently have EPS growth forecasts of 21% for the next year, which gives it a PEG ratio of 1.9 which is in line with the broader market right now.
Analysts have rated Applovin as a Strong Buy with a +46% one year growth forecast, and we have it as a medium risk, high reward play with a +18% one year projection and a Strong Buy rating.
Topics: Best growth stocks to buy now, MU stock price forecast, TSM stock review, NU holdings stock, APP stock analyst rating
