Barclays Maintains Overweight on Super Micro Computer, Raises Price Target to $396
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst George Wang has maintained an Overweight rating on Super Micro Computer (NASDAQ:SMCI) and increased the price target from $335 to $396.
January 19, 2024 | 1:18 pm
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Barclays has maintained an Overweight rating on Super Micro Computer and raised the price target from $335 to $396, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a strong vote of confidence in Super Micro Computer's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price, as analyst ratings and price targets are closely watched market indicators.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100