Super Micro price target raised to $37 from $35 at BofA

BofA analyst Ruplu Bhattacharya raised the firm’s price target on Super Micro (SMCI) to $37 from $35 and keeps an Underperform rating on the shares after the company reported fiscal Q4 revenue and EPS below the firm’s and Street estimates. The firm’s FY26 revenue forecasts moves higher to $33.1B, in-line with guidance, but it adds that it sees competitor Dell Technologies (DELL) gaining market share in AI servers.