Argus starts Supermicro at Buy, sees multiple years of strong top-line growth

As previously reported, Argus analyst Jim Kelleher initiated coverage of Supermicro with a Buy rating and $1,350 price target. The firm is positive on the company’s position as a leading computer and server provider for the age of generative AI, also noting that it provides GPU-based systems for deep learning, high performance computing, and other applications, the analyst tells investors in a research note. Argus adds that it sees multiple years of strong top-line growth, margin expansion, and EPS acceleration for Supermicro.