Susquehanna analyst Mehdi Hosseini lowered the firm’s price target on Supermicro (SMCI) to $15 from $32.50 and keeps a Negative rating on the shares. The firm updated estimates based on the preliminary results and the guide. Despite a lack of a detailed financial statement and inability to file with SEC, the updated estimates should still help investors with margin trends, the company’s earnings direction, and the implied downside risk to consensus, and OCF/FCF trends.
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