Super Micro Computer Given New $27.00 Price Target at DA Davidson (SMCI)
Equities research analysts at DA Davidson raised their target price on shares of Super Micro Computer (NASDAQ:SMCI) from $18.50 to $27.00 in a research note issued to investors on Wednesday, ARN reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 45.95% from the company’s current price.
Super Micro Computer (NASDAQ:SMCI) traded up 25.62% during mid-day trading on Wednesday, hitting $23.24. 2,068,201 shares of the company’s stock traded hands. Super Micro Computer has a one year low of $9.20 and a one year high of $18.50. The stock’s 50-day moving average is $16.90 and its 200-day moving average is $14.23. The company has a market cap of $993.8 million and a P/E ratio of 29.13.
Super Micro Computer (NASDAQ:SMCI) last released its earnings data on Tuesday, January 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. The company had revenue of $356.40 million for the quarter, compared to the consensus estimate of $333.50 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that Super Micro Computer will post $1.06 earnings per share for the current fiscal year.
Separately, analysts at Needham & Company raised their price target on shares of Super Micro Computer from $16.00 to $23.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.33.
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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