Loop Capital Maintains Buy on Super Micro Computer, Raises Price Target to $1500
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Ananda Baruah has maintained a Buy rating on Super Micro Computer (NASDAQ:SMCI) and increased the price target from $600 to $1500.
April 16, 2024 | 11:16 am
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POSITIVE IMPACT
Super Micro Computer's price target has been significantly raised from $600 to $1500 by Loop Capital, maintaining a Buy rating.
The substantial increase in the price target by a reputable analyst firm like Loop Capital suggests a strong bullish outlook on Super Micro Computer. This endorsement is likely to positively influence investor sentiment and could lead to a short-term increase in SMCI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100