Super Micro Computer (NASDAQ: SMCI) has been on a tear in 2024, clocking outstanding gains of 216% already as investors have been buying shares of this server manufacturer hand over fist to take advantage of its outstanding growth.

Supermicro's red-hot rally has brought its stock price to around $950. That's almost in line with the 12-month median price target of $949, according to 18 analysts covering the stock. The median price target suggests that Supermicro may not have more upside to offer. However, the Street-high price target of $1,350 points toward 31% gains from current levels.

However, will Supermicro be able to crush these expectations and head to $1,500 in the long run? If yes, how soon can investors expect that milestone to arrive? Let's try and find the answers to these questions.

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Source Fool.com