2 Revolutionary AI Stocks With 241% and 324% Upside, According to Select Wall Street Analysts
One foundational artificial intelligence (AI) stock could surpass a $3 trillion valuation if Wall Street’s loftiest price target proves accurate.
Two AI stocks are attracting attention from Wall Street analysts due to their potential for impressive returns. Micron Technology (MU) is predicted to achieve a 241% upside from its October 16 close, while voice AI solutions provider SoundHound AI (SOUN) could see a 324% increase. D.A. Davidson's Gil Luria raised Micron's 12-month price target to $3,000 per share, representing a 241% upside.
He attributes this optimism to Micron's role as a supplier of high-bandwidth memory (HBM) for AI-accelerated data centers. Luria believes Micron has a three-to-five-year growth runway, but cautions that boom cycles for memory companies are often unsustainable. SoundHound AI, on the other hand, has faced challenges such as losses and share dilution from recent acquisitions.
However, Scott Buck from H.C. Wainwright remains bullish, projecting a $20 per share price tag, which would represent a 324% upside.
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