Wall Street sets SMCI stock price target for next 12 months

Despite suffering a 21.92% plunge since October 7 and failing to gain the confidence of the wider Wall Street, Super Micro Computer (NASDAQ: SMCI ) stock is not entirely bereft of bulls. Indeed, in a note published on Thursday, October 15, Rosenblatt Securities’ Sajal Dogra judged the latest developments at Supermicro as positive and reiterated his previous ‘Buy’ rating and $51 price target. SMCI has been successful in presenting a ‘clean’ financial statement for the fiscal year 2026 (FY2026), and the decision to appoint Mark Long as Senior Vice President (SVP) and Chief Financial Officer (CFO) is praiseworthy, according to the analyst.

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