7/104 sources · 3 publishersUpdated Oct 16, 20:29 UTC
Rosenblatt reiterates Buy rating and $51 price target for Super Micro Computer
Rosenblatt analyst Sajal Dogra reaffirmed a Buy rating on Super Micro Computer, setting a $51 price target that implies about 45.5% upside from the current share price of $35.09. He highlighted more than $60 billion of new AI server orders and the recent appointment of Mark Long as CFO as catalysts. Dogra noted gross margins are expected to reach 11% in fiscal 2027 but remain a concern.
Why it matters
The $51 target suggests a sizable upside, which could attract buying interest and support the stock price. Rosenblatt also expects gross margins of 11% in FY27, indicating potential improvement in profitability.
Key facts
- 1Rosenblatt set a $51 price target for SMCI, implying 45.5% upside from $35.09. tipranks.com
- 2Dogra cited more than $60 billion in new AI orders from over 20 customers. tipranks.com
- 3Rosenblatt expects SMCI's gross margin to reach 11% in fiscal 2027. tipranks.com
- 4Mark Long was appointed chief financial officer of SMCI. tipranks.com
- 5Rosenblatt maintained a Buy rating on SMCI. tradingview.com
- 6The $51 target implies 45.3% upside from the Oct 15 close. tradingview.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.