Super Micro price target raised to $57 from $54 at Northland

Northland analyst Nehal Chokshi raised the firm’s price target on Super Micro (SMCI) to $57 from $54 and keeps an Outperform rating on the shares. The company’s December quarter results and March quarter guidance were weak, but there are “multiple indications of SMCI wielding significant differentiation,” the analyst tells investors in a research note. This leads the firm to believe the company’s outlook for $40B in fiscal 2026 sales “is viable.” Northland sees “strong potential” Super Micro will still need to raise additional capital if the company does ramp to $40B in 2026, with likely fiscal Q4 of 2026 being in the range of $12B. It continues to believe Super Micro is well positioned for share gain in the generative artificial intelligence multi-trillion dollar opportunity.