CFRA Downgrades Super Micro Computer to Hold, Lowers Price Target to $454
Portfolio Pulse from Benzinga Newsdesk
CFRA analyst Shreya Gheewala has downgraded Super Micro Computer (NASDAQ:SMCI) from Buy to Hold and reduced the price target from $729 to $454.
August 28, 2024 | 5:12 pm
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CFRA analyst Shreya Gheewala downgraded Super Micro Computer from Buy to Hold, reducing the price target significantly from $729 to $454.
The downgrade from Buy to Hold and the significant reduction in the price target from $729 to $454 by CFRA suggests a less optimistic outlook for Super Micro Computer. This is likely to negatively impact the stock price in the short term as investors may adjust their expectations based on this new analysis.
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