Susquehanna Downgrades Super Micro Computer to Negative, Announces $160 Price Target
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini downgraded Super Micro Computer (NASDAQ:SMCI) from Neutral to Negative and set a price target of $160.

December 11, 2023 | 2:05 pm
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NEGATIVE IMPACT
Susquehanna downgraded Super Micro Computer from Neutral to Negative and set a $160 price target.
The downgrade from Neutral to Negative by a prominent analyst like Mehdi Hosseini could lead to a negative sentiment among investors and potential downward pressure on SMCI's stock price in the short term. The announcement of a specific price target provides a benchmark that may influence investor expectations and market perception of the stock's value.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100