Shares of Super Micro Computer (NASDAQ: SMCI) have surged in recent sessions, fueled by growing optimism over the company’s recovery.
At Friday’s close, SMCI was valued at $45, up 2.3%. On the weekly timeframe, the stock gained nearly 10%, and year to date, shares of the technology company are up almost 50%.
The latest rally was sparked by news that SMCI is shipping new server systems equipped with Nvidia’s (NASDAQ: NVDA) Blackwell Ultra chips, positioning the company at the center of rising demand for AI-optimized hardware.
Investors also reacted positively to SMCI’s expanded partnership with Nokia, which integrates its hardware with Nokia’s automation tools to deliver more complete data-center solutions.
Adding to the momentum, recent progress in resolving delayed SEC filings has eased concerns over potential delisting risks, helping restore investor confidence.
It’s worth noting that this growth is welcome, as SMCI shares, once weighed down by reporting and compliance issues, are now showing signs of recovery.
Wall Street’s SMCI’s stock price prediction
As for the stock’s outlook, Wall Street analysts remain cautious. According to TipRanks, 15 analysts have an average 12-month price target of $45.31, representing a modest 0.69% upside.
The bullish camp sees room for considerable growth, with the highest forecast at $70. On the flip side, bears warn of a potential downturn, with the lowest target set at $15, which would mark a steep decline.
Analyst sentiment reflects this uncertainty: five call SMCI a ‘buy,’ seven recommend a ‘hold,’ and three advise a ‘sell,’ resulting in a consensus rating of ‘hold.’
On September 4, Citi analyst Asiya Merchant reaffirmed a ‘Hold’ rating on SMCI with a price target of $48. While acknowledging the company’s growth potential, Citi noted that other AI-related stocks may offer greater upside opportunities with less downside risk.
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