Loop Capital raised the firm’s price target on Supermicro to $1,500 from $600 and keeps a Buy rating on the shares. The firm continues to gain confidence in both its “net-bullish” generative artificial intelligence server industry posture and Supermicro as an increasing leader in the need for both complexity and scale. The analyst thinks a 20- to 30-times price-to-earnings multiple for shares is maintainable now that the company is in the S&P 500 Index. It thinks the company can have a $40B revenue run-rate exiting fiscal 2026.
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