Super Micro Computer Inc (SMCI) has recently received positive news with JPMorgan upgrading the stock from Underweight to Neutral, citing improved demand for its AI servers and higher average selling prices. This upgrade has led to a 5% surge in the stock price. JPMorgan also raised its price target for SMCI to $45, reflecting a 10x earnings multiple.
The stock closed at $42.15 on March 21, with a pre-market increase of 0.23%. The price action shows a bullish breakout above $42, with the next resistance level at $45.
Based on the positive news, strong revenue growth, and bullish technical indicators, SMCI is expected to reach $45 in the next trading week. The stock is a BUY as it continues to benefit from the AI boom and its unique liquid cooling technology.
The price of SMCI is predicted to go up 4.79%, based on the high correlation periods with EFSI. The similarity of these two price pattern on the periods is 95.74%.
SMCI
EFSI
Year
SMCI Price Forecast($)
Potential Return(%)
2025
50.000
53.190
2026
55.000
32.660
2027
125.000
201.500
2028
150.000
261.790
2029
200.000
382.390
2030
200.000
382.390
JP Morgan
2025-03-21
Price Target
$35 → $45
Upside
+6.76%
Rosenblatt
2025-03-10
Price Target
$60
Upside
+62.6%
Barclays
2025-02-27
Price Target
$59
Upside
+37.31%