What's Going On With Super Micro Computer Stock?
Portfolio Pulse from Erica Kollmann
Super Micro Computer, Inc. (NASDAQ:SMCI) shares are trading higher, reversing recent downward momentum in the semiconductor sector. The stock has been affected by broader market concerns, including chip-focused sanctions on China and political tensions surrounding Taiwan. Despite recent declines, analysts have a positive outlook with an average 12-month price target of $840.83. The company is set to release its Q4 results on Aug. 6, with expectations of $8.10 EPS and $5.294 billion in revenue.
July 25, 2024 | 5:16 pm
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Super Micro Computer shares are trading higher, reversing recent declines. The stock has been impacted by broader market concerns, including potential chip-focused sanctions on China and political tensions surrounding Taiwan. Analysts have a positive outlook with an average 12-month price target of $840.83. The company is set to release its Q4 results on Aug. 6, with expectations of $8.10 EPS and $5.294 billion in revenue.
The stock is reversing recent declines and analysts have a positive outlook with a high average price target. The upcoming Q4 results could further influence the stock price positively if the company meets or exceeds expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100