Sign In  |  Register  |  About Santa Clara  |  Contact Us

Santa Clara, CA
September 01, 2020 1:39pm
7-Day Forecast | Traffic
  • Search Hotels in Santa Clara

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

$SMCI stock price forecast: Rosenblatt still sees a 60% upside

By: Invezz
$smci stock price forecast 60% upside

Super Micro Computer Inc (NASDAQ: SMCI) has rallied a whopping 900% in the trailing twelve months but a Rosenblatt analyst is convinced it still has significant room to the upside.

$SMCI stock could climb further to $1,300

Hans Mosesmann reiterated his “buy” rating on the information technology company this morning and raised his price target to $1,300 – which suggests its shares could gain another 60% from here.  

The analyst is super bullish as $SMCI stock as it is well positioned to benefit from a “robust growth in AI computing”.  

He’s confident that Super Micro Computer will push its market share gains up from mid-single digits at writing to double-digit in the coming years.

Note that the Nasdaq-listed firm saw its revenue more than double on a year-over-year basis in its latest reported quarter (find out more).

What else could benefit Super Micro Computer?

Super Micro Computer Inc offers a range of liquid cooling solutions for servers and data centers that Hans Mosesmann expects will contribute significantly to its growth story moving forward.

$SMCI success in gaining share in a relatively static market for general-purpose Xeon processors signals a readiness to tackle and adapt to dynamic demand in AI, including liquid cooling.

His research note on $SMCI assumes compound annualised growth rate of more than 50% in artificial intelligence over the next several years.

It is worth mentioning here, however, that Super Micro Computer does not currently pay a dividend to its shareholders.

The post $SMCI stock price forecast: Rosenblatt still sees a 60% upside appeared first on Invezz

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SantaClara.com & California Media Partners, LLC. All rights reserved.