Super Micro Expansion: Analyst Ratings and Financial Outlook
Wednesday, 18 September 2024, 11:37
Super Micro Expansion Insights
In an exciting turn, Super Micro Computer Inc (NASDAQ:SMCI) has caught the attention of analysts, notably Quinn Bolton from Needham. Bolton has initiated coverage on this tech giant with a Buy rating, along with an impressive price target of $600.
Easing Concerns and Future Outlook
Bolton describes Super Micro as a “show me” story focused on its margins, suggesting that recent improvements in internal control risks have been effectively priced in. This assessment opens avenues for potential investors looking towards tech expansion opportunities.
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