Wedbush Maintains Neutral on Super Micro Computer, Raises Price Target to $530
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson has maintained a Neutral rating on Super Micro Computer (NASDAQ:SMCI) but has increased the price target from $250 to $530. This adjustment reflects a more optimistic valuation of the company's stock by the analyst.
January 30, 2024 | 4:11 pm
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Wedbush analyst Matt Bryson maintains a Neutral rating on Super Micro Computer but raises the price target significantly from $250 to $530, indicating a potential upside for the stock.
The substantial increase in the price target for Super Micro Computer by a reputable analyst could lead to increased investor confidence and a potential short-term rise in the stock price. The Neutral rating suggests that the analyst sees the company as fairly valued at its current price, but the new price target implies that there may be more optimism about the company's future performance or market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100