Northland analyst Nehal Chokshi raised the firm’s price target on Super Micro Computer to $175 from $165 and keeps an Outperform rating on the shares after the company reported final Q2 revenue of $1.803B, which was above initial guidance and its pre-announced range. Super Micro’s March quarter guidance and June quarter color indicates "record margins" and free cash flow generation will continue, the analyst tells investors.
Published first on TheFly
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