Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Super Micro Computer to $300 from $90 and keeps a Neutral rating on the shares. The firm updated its estimates following the company’s June-Q earnings report. The company is certainly benefitting from strategic partnerships with key Cloud/Enterprise solution providers, while also executing in driving material upside to earning expectations.
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- Super Micro Computer price target raised to $250 from $65 at Wedbush
- Super Micro Computer sees FY24 revenue $9.5B-$10.5B, consensus $8.42B
- Super Micro Computer sees Q1 adjusted EPS $2.75-$3.50, consensus $2.96
- Super Micro Computer reports Q4 adjusted EPS $3.51, consensus $2.96
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