Where Will Super Micro Computer Stock Be in 1 Year?
Super Micro Computer (NASDAQ: SMCI), more commonly known as Supermicro, posted its latest earnings report on Nov. 1. For the first quarter of fiscal 2024, which ended on September 30, the server maker's revenue rose 15% year over year to $2.12 billion and exceeded analysts' expectations by $60 million. Its adjusted net income grew 3% to $192 million, or $3.43 per share, and cleared the consensus forecast by $0.18.
Supermicro's headline numbers seemed stable, but does its stock still have room to run after rallying more than 200% over the past 12 months? Let's see where this high-flying stock might end up in a year.
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Source Fool.com
