Super Micro price target raised to $50 from $40 at Loop Capital

Loop Capital raised the firm’s price target on Super Micro (SMCI) to $50 from $40 and keeps a Buy rating on the shares. The company’s guidance last night and narrative “essentially removed the current bear case from the conversation,” assuming it plays out as management expects, the analyst tells investors in a research note. Super Micro’s remarks that it believes it will make its annual and quarterly filings and become Nasdaq compliant “is clearly net-positive,” the analyst tells investors in a research note. Loop believes that if the company get its filings in by February 25, it will almost immediately become 15-20 times eligible stock, which places the valuation potential at $60 – $80 per share. The firm says Super Micro’s two largest customers have “huge plans” for 2025, and that it is inevitable Super Micro benefits.