Super Micro price target raised to $36 from $32 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Super Micro (SMCI) to $36 from $32 and keeps a Neutral rating on the shares. The company’s Q2 EPS pre-announcement last week was on the low end of guidance, reflecting a revenue and gross margin miss, primarily driven by the ongoing transition from Hopper to Blackwell platforms, the analyst tells investors in a research note. Goldman adds however that Super Micro has raised $700M in new financing and expects to continue to raise capital in order to support working capital requirements of its FY2026 $40B revenue target as the company believes it has sufficient production capacity across its global footprint to support its revenue outlook once components become available.