SMCI - 1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 84% According to Loop Capital
2024-07-22 04:16:00 ET
Super Micro Computer (NASDAQ: SMCI) , more commonly known as Supermicro, is one the of market's hottest artificial intelligence (AI) stocks. Its shares have rallied 2,290% over the past three years as its sales of AI servers skyrocketed.
Yet Supermicro remains a divisive stock among analysts. Susquehanna's Mehdi Hosseini expects it to drop 60% to $325, while Loop Capital's Ananda Baruah says it can soar 84% to $1,500. Can it really hit that Street-high price target?
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1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 84%, According to Loop Capital