KeyBanc Reiterates Sector Weight Rating on Super Micro Computer (SMCI)

KeyBanc analyst Brandon Nispel reiterated a Sector Weight rating and {REMOVEPT} price target on Super Micro Computer (NASDAQ: SMCI).

The analyst commented: "We remain SW SMCI. We expect solid growth in F3Q quarter with revenue/ gross margin coming inline with guidance. Looking forward, we think revenue guidance is likely raised; however, we're convinced there is more gross margin downside vs. consensus expectations — SMCI 10-K/Q disclosures highlight both the structural headwinds, as well as other costs impacting gross margin, where we think there is little reason to believe margins have troughed. We see more of a bear vs. bull case as likely but view the stock as fairly valued. Detailed estimate changes and rationale can be found in the note."

For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.

Shares of Super Micro Computer closed at $30.35 yesterday.

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