Super Micro Computer Inc Faces Varied Analyst Sentiment

Despite recent fluctuations, Super Micro Computer Inc (SMCI.O) confronts diverse analyst sentiments as reflected in the latest data from LSEG.

The median price target for the stock stands at $635.29, representing a more than 20% decrease from Friday’s close. However, this figure marks a substantial increase compared to the $390 median target recorded on January 16th, indicating shifting analyst perceptions over time.

Thursday witnessed a notable 14% surge in SMCI’s shares following BofA Global Research’s initiation of coverage with a buy rating and an ambitious $1,040 price target, the highest among the 13 Wall Street analysts tracking the company, according to LSEG data.

BofA highlighted SMCI’s strategic positioning as an early launch partner for industry leaders such as Nvidia (NVDA.O), Advanced Micro Devices (AMD.O), and Intel (INTC.O) in both central processing units (CPUs) and graphic processor unit (GPU) accelerators, underlining its potential in the AI chip market.

Source: Reuters