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Super Micro Shows Margin Weakness Despite Strong AI Demand: Analyst

Benzinga ·  Aug 7 14:40

$SMCI.US$shows margin weakness despite strong artificial intelligence demand.

The company's stock plummeted on Wednesday and continues to dip in post-market trading.

  • Bank of America Securities analyst Ruplu Bhattacharya downgraded the rating on Super Micro Computer from Buy to Neutral with a price target of $700, down from $1,090.

  • Goldman Sachs analyst Michael Ng reiterated a Neutral rating on Super Micro with a price target of $675, down from $775.

  • KeyBanc analyst Thomas Blakey reiterated a Hold rating on Super Micro.

  • JPMorgan analyst Samik Chatterjee maintained an Overweight rating with a price target of $950.

Check out other analyst stock ratings.

BofA Securities...

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