Even though Super Micro Computer (NASDAQ: SMCI) stock has been trapped in a choppy consolidation since March 2024, Sajal Dogra, a Wall Street analyst at Rosenblatt Securities, has reaffirmed a buy rating for this company following its strong first-quarter fiscal year 2027 pre-announcement.
Dogra reiterated a ‘Buy’ rating for Super Micro Computer stock, according to a note sent to clients on October 21, 2026, Wednesday. The analyst, however, raised the firm’s 12-month price target for SMCI to $57 from $51, representing an 11.76% change.
With Super Micro Computer stock trading at about $36.28 at press time, Rosenblatt Securities signals a possible 57.11% upside for the next 12 months.
The analysts maintained bullish sentiment for SMCI following its increased sales, catalyzed by a strong demand for artificial intelligence (AI) compute. Ahead of the company’s final fiscal first quarter (Q1) 2027 full financial results, the company announced preliminary net sales guidance of $18.5 billion to $19.5 billion, significantly exceeding its prior target range of $14.5 billion to $15.5 billion.
The management also raised its gross margin outlook to 12.0%–12.5%, citing accelerating global demand for high-performance AI server infrastructure and a favorable product mix. As such, Super Micro Computer’s full-year fiscal 2027 estimates were revised upward from $68.5 billion in revenue and $5.13 in earnings per share to $80 billion in revenue and $6.40 in earnings per share
SMCI stock price prediction
Earlier on Wednesday, Ruplu Bhattacharya, an analyst at Bank of America Corp. (NYSE: BAC), reiterated a ‘Sell’ rating for SMCI stock. However, Bhattacharya raised the bank’s 12-month price target for Super Micro Computer stock to $38 from $33 for the same reason.
Meanwhile, Quinn Bolton, a market expert at Needham, reaffirmed a ‘Buy’ rating and set the firm’s 12-month price target for SMCI at $46.
As a result, 16 Wall Street analysts surveyed by TipRanks over the past 3 months had set an average 12-month price target of $40.23.
Super Micro Computer stock performance
Over the past 52 weeks, Super Micro Computer stock has ranged between $19.59 and $54.53. At the time of reporting, the company had a market capitalization of $21.33 billion.
Despite SMCI’s multi-year consolidation, Wall Street analysts are turning more bullish driven by rising demand for AI.
Featured image via Shutterstock
