JPMorgan lowered the firm’s price target on Super Micro (SMCI) to $43 from $45 and keeps a Neutral rating on the shares. The company announced a business update with recent design win activity of over $12B, the analyst tells investors in a research note. JPMorgan updated its estimates to reflect Super Micro’s latest fiscal Q1 revenue outlook and reiterated guidance for at least $33B of revenue in fiscal 2026. This implies the company expects to catch up on the pushed out revenue over the course of the year, notes JPMorgan.
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