Super Micro Computer (SMCI) PT Lowered to $55 at Rosenblatt

Rosenblatt analyst Kevin Cassidy lowered the price target on Super Micro Computer (NASDAQ: SMCI) to $55.00 (from $60.00) while maintaining a Buy rating.

The analyst commented: 'Supermicro's September quarter results were inline with the pre-announcement and the company more than made up for the September quarter revenue shortfall with strong upside to December quarter revenue. The downside is that driving rapid new product production is adding costs and lowering gross margin putting earnings guidance well below consensus. This will disappoint investors. We are modeling for these costs to mitigate as the GB300 platform moves to mainstream production over the next two quarters. We maintain our Buy rating on SMCI."

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