In a report released yesterday, Nehal Chokshi from Maxim Group reiterated a Buy rating on Super Micro Computer (SMCI), with a price target of $38. The company’s shares closed yesterday at $19.95.
Chokshi commented:
“Weak F3Q19 preliminary revenue and guidance consistent with Group (DCG) trends. Strong bottom line and FCF are significant positives. with greater detail on related party transactions and unqualified opinion from Deloitte are significant positives that should drive significant multiple expansion. FY20 EPS estimates largely unchanged, reiterating Buy rating and 12-month price target of $38.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 7.6% and a 54.6% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Turtle Beach Corp.
Currently, the analyst consensus on Super Micro Computer is a Moderate Buy with an average price target of $38.
See today’s analyst top recommended stocks >>
The company has a one-year high of $27.15 and a one-year low of $8.50. Currently, Super Micro Computer has an average volume of 140.1K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Super Micro Computer, Inc. manufactures servers and other computer products. The firm’s products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, networking, embedded, gaming, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack, and server management.
