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Super Micro Computer Stock Explodes After Bullish Forecast
Schaeffers Investment Research· 2026-05-06 23:08
No fewer than five analysts have raised their price targets, with J.P. Morgan Securities hiking its target to $30 from $28. With 14 of 19 analysts carrying a "hold" or worse rating, and the 12-month consensus price target of $35.75 at a 9.1% discount to current levels, there is plenty of room for further bull notes. Today's surge as SMCI breaking above resistance at the 100-day moving average. SMCI has now added 22% this week alone and is on track for it best single-session gain in nearly a year. Over in th ...