Goldman Sachs Initiates Coverage On Super Micro Computer with Neutral Rating, Announces Price Target of $941
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Michael Ng has initiated coverage on Super Micro Computer (NASDAQ:SMCI) with a Neutral rating and set a price target of $941.

March 04, 2024 | 11:05 am
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Goldman Sachs initiated coverage on Super Micro Computer with a Neutral rating and a price target of $941.
The initiation of coverage by a major financial institution like Goldman Sachs generally brings increased attention to a stock. However, the Neutral rating suggests that Goldman Sachs believes SMCI is fairly valued at its current price, implying limited short-term price movement. The price target of $941 indicates Goldman Sachs' assessment of the stock's value, which could influence investor perception and potentially the stock price, but the neutral stance tempers expectations for significant short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100