Loop Capital Maintains Buy on Super Micro Computer, Lowers Price Target to $1000
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Buy rating on Super Micro Computer (NASDAQ:SMCI) but has lowered the price target from $1500 to $1000.
September 23, 2024 | 1:22 pm
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Loop Capital has maintained a Buy rating on Super Micro Computer but reduced the price target from $1500 to $1000, indicating a more conservative outlook.
The maintenance of a Buy rating suggests continued confidence in SMCI's performance, but the lowered price target indicates a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100