Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Super Micro Computer to $90 from $69 and keeps a Neutral rating on the shares. The analyst reminds investors that the consensus estimates are NOT reliable as they are not consistent with the company’s official guides and targets while also noting the earnings beat that was common in 2022 has now turned into misses and revenue pushouts.
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Published first on TheFly
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