1 Wall Street Analyst Thinks Super Micro Computer Stock Is Going to $1,000. Is It a Buy? Sat, May 4, 2024, 9:10 AM GMT+2 2 min read 0 In this article: Too much is never enough Should you i...
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
Company Research
Source: Acquire Media Monitor
Heading into the company's earnings report, the stock had gained more than 700% over the preceding year, so expectations were high. Despite stellar results, investors wanted more, and the stock slumped 14% in a single day. One analyst thinks the selling has simply gone too far. In the wake of its drubbing earlier this week, Barclays analyst George Wang raised his price target on Supermicro to $1,000 while maintaining an overweight (buy) rating on the shares. That represents potential upside of 31% compared to the stock's closing price on Thursday. The analyst cited Supermicro's robust results and strong guidance as fueling his optimism. The analyst has a point. For its fiscal 2024 third quarter (ended March 31), Supermicro generated record revenue of $3.85 billion that surged 200% year over year. This resulted in adjusted earnings per share (EPS) of $6.65, which soared 308%. CEO Charles Liang noted that not only had the company gained market share, but he expected that trend to
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SMCI
News
- Why Super Micro Computer, C3.ai, and Other Artificial Intelligence (AI) Stocks Rallied This Week [Yahoo! Finance]Yahoo! Finance
- The best and the worst sectors in the stock market during this recording-setting week [MSNBC.com]MSNBC.com
- Stock Market News for May 17, 2024 [Yahoo! Finance]Yahoo! Finance
- Super Micro Computer and GameStop have been highlighted as Zacks Bull and Bear of the Day [Yahoo! Finance]Yahoo! Finance
- Great News for Super Micro Computer Stock Investors [Yahoo! Finance]Yahoo! Finance
SMCI
Earnings
- 4/30/24 - Beat
SMCI
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- SMCI's page on the SEC website