Why Super Micro Computer Stock Is Soaring Today
Super Micro Computer (NASDAQ: SMCI) stock is making big gains in Monday's trading trading. The company's share price was up 11% at 10:45 a.m. ET.
Supermicro stock is surging today thanks to bullish coverage from an analyst. Lynx Equity recently published bullish coverage on the stock, and the firm thinks that new hardware from Nvidia will lift the server specialist's performance.
Before the market opened this morning, Lynx published coverage on Supermicro stock that gave the equivalent of a buy rating and reiterated Lynx's previous one-year price target of $60 per share. Even with the stock's gains today, the firm's one-year price target suggests additional upside of roughly 60%.
Source Fool.com
