Super Micro Computer (SMCI) PT Raised to $44 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the price target on Super Micro Computer (NASDAQ: SMCI) to $44.00 (from $40.00) while maintaining a Positive rating.

The analyst commented, "We are updating estimates following SMCI's Mar-Q earnings and conf call. Although the company's growth drivers are materializing, driving revenue upside, a combination of higher component cost, COVID-related cost, and higher working capital makes this earnings a rather mixed bag. We hope that increased component availability and SMCI passing down some of the incremental cost will help with margin recovery into 2h of 2021 and onward. All in all, our updated FY21/22 EPS estimates of $2.47/$3.10 compare to the consensus of $2.45/$3.42, while our newly introduced FY23 EPS estimate of $3.65 compares to the consensus of $3.75."

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