Loop Capital Just Raised Its Price Target on Super Micro Computer (SMCI) Stock

Despite a rather flat trading day thus far, Super Micro Computer (NASDAQ:SMCI) is certainly bucking the trend. Shares of SMCI stock are up over 5% in early afternoon trading as investors pile once again into this server storage company.Today’s move appears to be directly tied to a key price target upgrade from Loop Capital. The financial firm now has the highest stock price on Wall Street when it comes to Super Micro, with analyst Ananda Baruah nearly tripling his price target on SMCI stock from $600 per sh ...