Rosenblatt Raises Super Micro Target to $57 After Revenue Outlook Increase
Photo: TokenPost
On Oct. 21, Sajal Dogra of Rosenblatt Securities increased his 12-month target for Super Micro Computer (NASDAQ: SMCI) from $51 to $57 and maintained his Buy rating following the company's higher preliminary fiscal first-quarter 2027 revenue outlook. Super Micro estimated revenue of $18.5 billion to $19.5 billion for the quarter ended Sept. 30, up from its previous range of $14.5 billion to $15.5 billion. Super Micro linked the increase primarily to stronger demand for its AI platforms. Its earlier preliminary outlook increase also included a higher gross margin estimate.
Source: TokenPost
