Up a Staggering 170% This Year, Can Super Micro Stock Continue Soaring in the Second Half?
One stock that's been a hotter buy than Nvidia this year is Super Micro Computer (NASDAQ: SMCI). Its 170% gains since January are better than the chipmaker's 145% returns over the same stretch. And that's with Super Micro's stock giving back some gains and coming down from highs it reached earlier in the year.
Artificial intelligence (AI) stocks, however, are still attracting a lot of attention from investors despite some recent bearishness in the markets. Can Super Micro's stock continue to surge in the latter part of the year, or should investors consider cashing out right now given its inflated valuation?
Wall Street analysts track businesses closely, and their price targets can give investors some insights into just how much near-term upside there may be for a stock. Those price targets focus on the short term, typically where analysts see a stock going in the next 12 months or so.
Source Fool.com
