1 Wall Street Analyst Thinks Super Micro Computer Stock Is Going to $1,040. Is It a Buy?
Data center systems provider Super Micro Computer (NASDAQ: SMCI) 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 would represent a jump of 18% over Wednesday's closing price, even after Supermicro's torrid run.
Source Fool.com
