Supermicro price target raised to $40 from $35 at Loop Capital

Loop Capital raised the firm’s price target on Supermicro (SMCI) to $40 from $35 and keeps a Buy rating on the shares. The firm sees Supermicro as an “important company in an important space” with both special situation catalysts and fundamental as GB200 & GB300 ramp heading into summer and key customers get into full swing, the analyst tells investors in a research note. Loop adds however that Supermicro could experience a clunky first half of 2025, at least until May/ June, when key Tier 2 customers begin getting GB200 allocation.