Susquehanna Maintains Negative on Super Micro Computer, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini has maintained a Negative rating on Super Micro Computer (NASDAQ:SMCI) but increased the price target from $162 to $250.

January 30, 2024 | 2:15 pm
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NEUTRAL IMPACT
Despite the Negative rating, Susquehanna raised the price target for Super Micro Computer from $162 to $250, indicating a potential upside.
The increase in price target despite a Negative rating could lead to mixed reactions in the market. Investors might be confused by the conflicting signals, which could result in a neutral short-term impact on the stock price. The importance is high as price targets by analysts can influence investor perception, but since the rating remains Negative, it tempers the potential impact. The confidence level is high due to the direct mention of the company and the clear action by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100