Where Will Super Micro Computer's Soaring Stock Be in 2026?
Shares of Super Micro Computer (NASDAQ: SMCI) have set the market on fire in the past year with outstanding gains of 795%, and one analyst believes this red-hot rally is set to continue.
Supermicro's business is booming thanks to the rapidly growing demand for its artificial intelligence (AI) server solutions, and Loop Capital analyst Ananda Baruah predicts Supermicro's red-hot growth is here to stay. He's upgraded his price target on the stock from $600 to $1,500. The updated price target is 54% higher than where the stock trades as of this writing.
Let's look at the reasons why the analyst bumped his price target 2.5 times higher, and consider whether Supermicro could indeed hit that mark by 2026 per Loop Capital's prediction.
Source Fool.com
