Super Micro Computer unknowns remain, leading broker to cut target again
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Super Micro Computer Inc (NASDAQ:SMCI) faces uncertainty as Wedbush cuts its target price for the second time this week. Despite a special committee finding no wrongdoing, the company's revenue indications for the previous and upcoming quarters have been reduced.
November 06, 2024 | 6:30 pm
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Super Micro Computer Inc's target price was cut by Wedbush for the second time this week due to reduced revenue indications, despite a special committee finding no wrongdoing.
The repeated target price cut by Wedbush suggests a negative outlook on SMCI's financial performance, particularly due to reduced revenue indications. This is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100