Northland analyst Nehal Chokshi raised the firm’s price target on Super Micro Computer to $345 from $300 and keeps an Outperform rating on the shares after the company pre-announced “big” June-end quarter upside. The firm estimates Super Micro’s AI market share was up from about 7% in the March-end quarter to about 16% in the June quarter and calls the bottom line flow through “impressive.”
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Read More on SMCI:
- Wedbush keeps Underperform on Super Micro despite positive Q4 preannouncement
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