Rosenblatt Maintains Buy on Super Micro Computer, Raises Price Target to $700
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Hans Mosesmann has maintained a Buy rating on Super Micro Computer (NASDAQ:SMCI) and increased the price target from $550 to $700.
January 30, 2024 | 5:56 pm
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Rosenblatt analyst Hans Mosesmann reaffirmed a Buy rating on Super Micro Computer and raised the price target to $700, indicating a positive outlook on the stock.
The increase in price target by a respected analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100