I say perhaps. It depends for how long you are referring to. right at that moment, after an unknown amount of time, it depends.
My reasoning for after an unknown amount of time is because of something that we have heard many times while watching the anime "this is the story of how I became the strongest hero in history". With this it probably means that he has more control over his quirk than Bakugo or something happens to Bakugo later on.
As for after then this. With the One for All quirk it takes time to learn how to use it. For about half of the episodes form the first season (I think) Midoriya spends time trying to use it, and ended out hurting himself, then he learnt how to us the quirk properly.
I am not saying that Midoriya will always be stronger than Bakugo. I am saying that at some points Midoriya will surpass everyone counting Bakugo. There is a chance that Bakugo will be stronger, but it won't be forever