Goldman Sachs Maintains Neutral on Super Micro Computer, Lowers Price Target to $800
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Michael Ng maintains a Neutral rating on Super Micro Computer (SMCI) and lowers the price target from $937 to $800.

May 01, 2024 | 4:44 pm
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Goldman Sachs lowers Super Micro Computer's price target to $800, maintaining a Neutral rating.
A reduction in the price target by a prominent analyst like Goldman Sachs can lead to negative investor sentiment in the short term, potentially causing a decrease in SMCI's stock price. The maintenance of a Neutral rating indicates that the analyst sees limited upside or downside potential from the current price level, which might temper the negative impact slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100