Analysts revise SMCI stock price target after Supermicro earnings

While Super Micro Computer’s (NASDAQ: SMCI ) latest earnings report proved impressive enough to trigger an initial 11% rally, Wall Street analysts proved significantly harder to impress than investors. Specifically, out of the five institutional experts who issued a revision in the wake of the Tuesday evening filing, only one rated SMCI stock as a ‘Buy’, while one issued a ‘Sell’ recommendation, and three others proved ‘Neutral’. Raymond James analyst Simon Leopold was the singular bull and, along with the positive rating, he upgraded his Supermicro equity 12-month price target from $48 to $65. Bank of America’s (NYSE: BAC ) Ruplu Bhattacharya also upgraded the forecast from $38 to $39, despite issuing a ‘Sell’ recommendation.

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