Mizuho analyst Vijay Rakesh raised the firm’s price target on Super Micro (SMCI) to $36 from $30 and keeps a Neutral rating on the shares. The firm says agentic AI continues to drive server demand. It upped semiconductor estimates following the March quarter earnings season.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMCI:
- Super Micro names Vik Malyala as Chief Business Officer
- Super Micro Computer’s AI Boom Sends Shares Soaring
- Trump Trade: Trump gives EU until July 4 to fulfill side of trade deal
- Moderately bullish activity in Super Micro with shares up 3.27%
- AI Daily: Anthropic weighs raising funds at nearly $1T valuation