Wells Fargo Maintains Equal-Weight on Super Micro Computer, Lowers Price Target to $375
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Aaron Rakers has maintained an Equal-Weight rating on Super Micro Computer (NASDAQ:SMCI) but has significantly lowered the price target from $650 to $375.
August 28, 2024 | 4:19 pm
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Wells Fargo has maintained an Equal-Weight rating on Super Micro Computer but has lowered the price target from $650 to $375, indicating a less optimistic outlook.
The significant reduction in the price target from $650 to $375 by Wells Fargo suggests a less optimistic view on Super Micro Computer's future performance. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations based on this new target.
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