Reported about 21 hours ago
JPMorgan maintains an Underweight rating on Supermicro (SMCI) with a $23 price target, stating that the company's orders remain robust despite market speculation about customer shifts to other vendors. The analysis highlights that Supermicro’s customer base is stable, and management is confident in meeting future order demands, particularly with new products launching in fiscal 2025. Additionally, concerns regarding the operations in Malaysia have been addressed, confirming that production will ramp up as scheduled.
Source: YAHOO