Bernstein SocGen Group Reiterates Market Perform Rating on Super Micro Computer
Bernstein SocGen Group analyst Mark C.
Newman reiterated a Market Perform rating and $37.00 price target on Super Micro Computer (NASDAQ: SMCI).
“We tweak up estimates slightly on slightly lower revenue more than offset by higher gross margin.
Although the company has a miserable track record of 8 revenue misses and 7 EPS misses out of the last 9 quarters, we give the company some benefit of the doubt though we doremain concerned that customers may want to distance themselves from the company given the recent smuggling indictment.
Our FY27 EPS lands at $2.80 (up from $2.67) vs. consensus at $3.03.”
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