Supermicro price target lowered to $1,000 from $1,500 at Loop Capital

Loop Capital lowered the firm’s price target on Supermicro to $1,000 from $1,500 but keeps a Buy rating on the shares. The company is working to get its gross and operating margins to 14% and 10% respectively while dealing with its 10-K delay, though the perception of its demise are “greatly exagerrated” while its importance in gen-AI is “underappreciated”, the analyst tells investors in a research note.