Super Micro Computer Is Well Positioned In The 'Mother of All Cycles,' Says Analyst
Portfolio Pulse from Priya Nigam
Rosenblatt Securities analyst Hans Mosesmann initiated coverage of Super Micro Computer (NASDAQ: SMCI) with a Buy rating and a $300 price target, citing the company's strong position in the AI-driven cycle. AI revenues account for nearly 30% of SMCI's sales, and the company's TAM is expected to exceed $178 billion by 2027.
June 07, 2023 | 4:45 pm
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Rosenblatt Securities analyst Hans Mosesmann initiated coverage of Super Micro Computer with a Buy rating and a $300 price target, citing the company's strong position in the AI-driven cycle.
The positive analyst coverage from Rosenblatt Securities, highlighting Super Micro Computer's strong position in the AI-driven cycle, is likely to have a positive short-term impact on the stock price. The Buy rating and $300 price target indicate the analyst's bullish outlook on the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100