Even after surging more than 192% this year, the tailwinds for this under-the-radar artificial intelligence play are far from over, according to Rosenblatt.
The target represents 25% upside from Wednesday's close.
Super Micro's AI revenue accounts for 30% of sales, and Mosesmann expects that to continue accelerating.
Its total addressable market is projected to surpass $178 billion by 2027, and fuel sales at a compounded annual growth rate exceeding 20%.
Key to Super Micro's advantage is its green IT innovation and high-efficiency "resource-saving architecture" that can trim costs, energy consumption and data center e-waste, Mosesmann said.
Persons:
Rosenblatt, Hans Mosesmann, SMCI, Mosesmann, Michael Bloom