Over the last few months, Super Micro Computer (SMCI) exploded from a low of about $300 to a high of $1,229. Then, when the company wouldn’t provide preliminary earnings results, the stock gapped to about $664 a share. However, it appears the stock could push higher again after catching support at its 100-day moving average, with RSI, MACD, and Williams’ %R starting to bottom out as well. All as it nears earnings on April 30.

Plus, over the last few days, analysts at Loop Capital raised its price target to $1,500 with a buy rating. As noted by Seeking Alpha, the firm is “gaining more confidence in both its position in the generative AI server industry, as well as it increasing its lead over competitors thanks to both complexity and ability to scale up.”

The firm added, “Super Micro could end fiscal 2026 with between $30B and $40B in revenue and earnings of $50 to $60 per share, making the earnings multiple between 25 and 30.”

Recent weakness may be an opportunity for SMCI.