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.
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Read More on SMCI:
- Super Micro price target lowered to $40 from $43 at JPMorgan
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