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 ...

Artificial intelligence (AI) came of age in 2023, and while the technology has been around in one form or another for decades, recent advances have captivated Wall Street and Main Street alike. As a result of the ensuing AI gold rush, investors are taking a fresh look at companies best suited to profit from the latest secular tailwinds.One such company is Super Micro Computer (SMCI -19.99%), also known as Supermicro. The company has been supplying high-end servers since 1993 but has only recently captured t ...

Is it Too Late to Buy SMCI Stock?Is it too late to get into SMCI after this parabolic run? Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.Is It Too Late to Buy SMCI Stock?While we’ve all been enamoured with the performance of chip giant NVIDIA ($726.13|-0.06%) this year, there is another semiconductor stock that has demolished NVIDIA’s returns. That’s right, I’m talking about ...

The share price of Super Micro Computer (NASDAQ: SMCI) has experienced a recent surge, reaching new heights due to the company’s strategic focus on the growing artificial intelligence (AI) trend. Notably, investor confidence in the stock propelled SMCI to an all-time high of $1,077 during early Friday, February 16 trading.However, the stock failed to maintain momentum above the $1,000 level, concluding Friday’s trading session with a nearly 20% decline, settling at $803. This marked the end of a nine-day wi ...