Super Micro’s stock has surged 900% in a year. Why BofA is making a ‘buy’ call.

Is it too late to buy shares of Super Micro Computer Inc., which have surged about 180% over the past month and rocketed some 900% over the past 12 months?

Not according to BofA Securities analyst Ruplu Bhattacharya, who initiated coverage of the server maker’s stock with a buy rating and $1,040 price objective. He said Super Micro’s SMCI potential may not be fully appreciated by investors.

“We…