SMCI stock could surge 70% from here - Loop Capital
) stock's impressive rally may have further room to run. Loop Capital assigns a significantly higher price target to SMCI stock, indicating a potential surge of 70%. This comes on the heels of a strong year for SMCI, which has positioned itself as a leader in the rapidly growing AI server market.
In a note to clients Monday, analysts at Barclays expressed their bullishness on SMCI shares when previewing the stock’s upcoming results. They expect a strong print from the company, adding that its guidance should"easily beat the Street." Their analysis suggests business remains very healthy for SMCI, and like analysts at Barclays, they are anticipating robust March quarter results and a strong June guide. In addition, Loop Capital feels the long-term revenue potential for the company continues to be underappreciated, Loop Capital said it is having regular conversations with “large long-only’s” expressing the view that 20x to 30x makes sense for a leader in a structural build-out dynamic such as Gen AI.
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