Super Micro price target lowered to $34 from $50 at Mizuho

Mizuho lowered the firm’s price target on Super Micro (SMCI) to $34 from $50 and keeps a Neutral rating on the shares. The company reduced March quarter expectations amid customer pushouts, the analyst tells investors in a research note. The firm cut estimates and believes Super Micro’s near-term enterprise ramps with GB200, H20, and competitive pricing from Dell (DELL) “pose challenges.”