Barclays Maintains Equal-Weight on Super Micro Computer, Adjusts Price Target To $42 (10:1 -forward stock split )
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst George Wang maintains an Equal-Weight rating on Super Micro Computer (NASDAQ:SMCI) and adjusts the price target to $42 from $438, reflecting a 10:1 forward stock split.
October 02, 2024 | 6:39 pm
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Barclays has maintained its Equal-Weight rating on Super Micro Computer and adjusted the price target to $42 from $438 due to a 10:1 forward stock split.
The adjustment in the price target from $438 to $42 is due to a 10:1 forward stock split, which is a technical adjustment and does not reflect a change in the company's valuation. The Equal-Weight rating suggests a neutral stance, indicating no expected significant short-term price movement.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100