'More Than Just An Offshoot Of Nvidia': Jim Cramer Throws His Support Behind Super Micro Computer
Portfolio Pulse from Benzinga Neuro
Jim Cramer, a notable market analyst, has recently endorsed Super Micro Computer (NASDAQ:SMCI) as a significant entity in the tech infrastructure sector, particularly emphasizing its role in cloud and AI technologies. This comes amidst a variety of analyst opinions on SMCI, with an average 12-month price target of $868.87, indicating a 53.24% increase. JP Morgan also initiated coverage with an Overweight rating and a $1,150 price target, highlighting SMCI's leadership in AI computing.
March 27, 2024 | 2:35 pm
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Super Micro Computer is recognized by Jim Cramer as crucial in tech infrastructure, with a strong focus on cloud and AI. Analysts' average price target is $868.87, with JP Morgan giving an Overweight rating and a $1,150 target.
Jim Cramer's endorsement and the positive analyst ratings, especially JP Morgan's Overweight rating and high price target, suggest a strong bullish sentiment for SMCI in the short term. This is likely to attract investor attention and potentially drive up the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100