JP Morgan Maintains Overweight on Super Micro Computer, Lowers Price Target to $950
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Super Micro Computer (NASDAQ:SMCI) but lowers the price target from $1150 to $950.
August 07, 2024 | 12:21 am
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JP Morgan analyst Samik Chatterjee maintains an Overweight rating on Super Micro Computer (NASDAQ:SMCI) but lowers the price target from $1150 to $950.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100