Loop Capital Markets has reiterated its buy rating for Super Micro Computer Inc. (SMCI) and significantly increased its price target from $600 to a new high of $1,500 per share. This adjustment reflects growing confidence in the general AI server industry and Super Micro's emerging leadership within this sector. On the same day, Super Micro's stock demonstrated strong performance, rallying over 10% amid broader market sentiments that might suggest a 'higher for longer' economic scenario.
$SMCI rallied over 10% today… that doesn’t seem bearish https://t.co/CLUmmR7iPE
Super Micro $SMCI doesn't seem too worried about 'higher for longer' today. https://t.co/ZLxQ37x20A
$SMCI Locked 90%+ Holding the last one https://t.co/M4pDKcfAXs
$smci strong https://t.co/3RNiFlo65K
$SMCI Loop reiterates Super Micro as buy Loop raised its price target on the stock to a Street high $1,500 per share from $600. “We’re raising our PT to $1500 as we continue to gain confidence in both our net-bullish Gen AI server industry posture and SMCI as an increasing leader…