A year ago, Super Micro Computer Inc.’s stock was trading near $90. Now an analyst sees a pathway to $1,300. Super Micro shares SMCI, -8.56% have come a long way in the past year, closing Friday around $800, as the server maker has proved itself a beneficiary of frenzied spending on artificial intelligence. Rosenblatt Securities analyst Hans Mosesmann’s new target, the highest among analysts tracked by FactSet, implies roughly 60% upside from Friday’s close.Despite Mosesmann’s optimism, Super Micro shares w ...

Remote Edge Computing Require High-Performance AI and Training Solutions to Support Advanced Workloads to Deliver Increased ProductivitySAN JOSE, Calif., Feb. 20, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, is expanding its portfolio of AI solutions, allowing customers to leverage the power and capability of AI in edge locations, such as public spaces, retail stores, or industrial infrastructure. Using Supermicro application-opt ...

Super Micro Computer (NASDAQ:SMCI) stock is a hot topic on Tuesday after getting a new price prediction from Rosenblatt analyst Hans Mosesmann.The Rosenblatt analyst increased his price target for SMCI shares from $700 to $1,300. That’s a potential 61.8% upside compared to its prior closing price. It’s also the highest Wall Street price prediction with the analysts’ consensus sitting at $629.20 per share.Mosesmann continues to hold a bull stance on SMCI stock with a “buy” rating for the shares. For the reco ...

Super Micro Computer Inc (NASDAQ: SMCI) has rallied a whopping 900% in the trailing twelve months but a Rosenblatt analyst is convinced it still has significant room to the upside.$SMCI stock could climb further to $1,300Copy link to sectionHans Mosesmann reiterated his “buy” rating on the information technology company this morning and raised his price target to $1,300 – which suggests its shares could gain another 60% from here.   The analyst is super bullish as $SMCI stock as it is well positioned to ben ...

Key PointsSMCI has surged over 253% year-to-date, initially propelled by exceptional fiscal second-quarter results that far exceeded prior expectations.CEO Charles Liang has led SMCI to prominence in the technology industry, offering advanced computing solutions for data centers with steady revenue growth.Despite a recent pullback from its 52-week high and a decrease in the RSI, potential long-term entry opportunities for investors may emerge if the stock stabilizes.5 stocks we like better than Super Micro ...

After a previous week saw some turbulent action for Super Micro Computer (NASDAQ: SMCI) stock, which surpassed $1,000 with an RSI of 97, reminding us of Gamestop stock-like action, it quickly retraced in the coming days by losing -20% of its value.However, this quick retracement doesn’t scare off analysts, especially those from Rosenblatt, as they placed a $1,300 price target for this stock.Super Micro Computer $SMCI will surge to $1,300 says Rosenblatt pic.twitter.com/Hb52u63NGv— Barchart (@Barchart) Febru ...

Jasmin Merdan/Moment via Getty Images The first question that comes to mind after this huge run-up in share price is whether Super Micro Computer (NASDAQ:SMCI) still has gas in the tank to continue appreciating in value. Since January 2023, the stock has returned 2.23x before pulling back -20% on February 16, 2024. A -20% pull on share price should raise an alarm bell for any prudent investor; however, looking at the recently filed Form 4, it appears that Don Clegg, SVP of Sales sold a large block going ...

The current meme stock mania is somewhat different than the one we witnessed at the peak of the pandemic, says Caleb Silver – the editor in chief at Investopedia.How is current meme stock mania different?Copy link to sectionSilver does agree that the bubble in some of these stocks may not hold up. But he’s convinced that a bunch of others like Super Micro Computer Inc (NASDAQ: SMCI) “have good stories” too. On CNBC’s “Last Call”, the renowned journalist said on Monday:SMCI has a huge business, a real busine ...

SOPA Images/LightRocket via Getty Images While Super Micro Computer (NASDAQ:SMCI) doesn't create the advanced chips leading the AI revolution, the provider of server and storage solutions is still participating in the same level of growth, if not faster. The stock recently had a remarkable month, leading to Super Micro topping $1,000 per share. My investment thesis is Neutral on the stock, especially after Super Micro plunged $200 to end the trading week down at $803, some $275 below the all-time high o ...

Data center systems provider Super Micro Computer (SMCI -19.99%) has been a darling of Wall Street lately. Its shares have soared 950% over the past year and have been on a parabolic move recently.The stock has tripled in just the last month, but one Wall Street analyst thinks Supermicro, as it is known, still has more room to run. Bank of America Securities analyst Ruplu Bhattacharya began coverage on the supplier of accelerated computing server systems with a buy rating and a $1,040 price target. That wou ...