Super Micro Computer PT Raised to $30.00 (SMCI)

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Equities researchers at Stifel Nicolaus increased their target price on shares of Super Micro Computer (NASDAQ:SMCI) from $23.00 to $30.00 in a research report issued on Thursday. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 18.72% from the company’s current price.

A number of other analysts have also recently weighed in on SMCI. Analysts at Zacks upgraded shares of Super Micro Computer from a “neutral” rating to an “outperform” rating in a research note on Monday, April 28th. They now have a $22.00 price target on the stock. Analysts at Needham & Company LLC raised their price target on shares of Super Micro Computer from $23.00 to $26.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, Super Micro Computer currently has a consensus rating of “Buy” and an average price target of $26.25.

Shares of Super Micro Computer (NASDAQ:SMCI) opened at 25.27 on Thursday. Super Micro Computer has a one year low of $10.30 and a one year high of $26.80. The stock has a 50-day moving average of $21.84 and a 200-day moving average of $19.64. The company has a market cap of $1.135 billion and a price-to-earnings ratio of 25.01.

Super Micro Computer (NASDAQ:SMCI) last released its earnings data on Tuesday, April 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.10. The company had revenue of $373.80 million for the quarter, compared to the consensus estimate of $335.19 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. Analysts expect that Super Micro Computer will post $1.32 EPS for the current fiscal year.

Super Micro Computer, Inc develops and provides end-to-end green computing solutions for Enterprise IT, Datacenter, Cloud Computing, High Performance Computing (NASDAQ:SMCI), and Embedded Systems globally.

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