Goldman Sachs raised the firm’s price target on Super Micro (SMCI) to $34 from $30 and keeps a Sell rating on the shares. Super Micro’s Q1 EPS missed guidance due to revenue shifts into Q2, though management expects a sharp sequential rebound with revenue set to double on strong new orders, including a $12B GB300 platform win, the analyst tells investors in a research note. Longer term, Super Micro’s Data Center Building Block Solution and geographic expansion could support margin recovery, but profitability risks persist in an increasingly competitive AI server market, Goldman says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMCI:
- Super Micro price target lowered to $40 from $43 at JPMorgan
- Super Micro price target lowered to $45 from $50 at Mizuho
- Super Micro Computer: Balancing Growth Potential with Margin Pressures – Hold Rating Maintained
- Super Micro Computer Stock (SMCI) Crashes 9% on Soft Q1. Here’s How Top Mizuho Analyst Reacts
- Super Micro upgraded to Outperform from Neutral at KGI Securities