Wedbush analyst Matt Bryson made no change to the firm’s Underperform rating or $65 price target on Super Micro Computer after the company updated its Q3 outlook. Super Micro pointed to component delays for the Q3 revenue shortfall, and the firm continues to have concerns around high expectations for both sales growth beyond FY23 and margins, the analyst tells investors in a research note. The firm says additional investment in AI at the enterprise/smaller cloud level could potentially mitigate some concerns around 1H24 estimates.
Published first on TheFly
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