Wall Street sets SMCI stock price target for next 12 months
Photo: Finbold
Despite suffering a 21.92% plunge since October 7 and failing to gain the confidence of the wider Wall Street, Super Micro Computer (NASDAQ: SMCI ) stock is not entirely bereft of bulls. Indeed, in a note published on Thursday, October 15, Rosenblatt Securities’ Sajal Dogra judged the latest developments at Supermicro as positive and reiterated his previous ‘Buy’ rating and $51 price target. SMCI has been successful in presenting a ‘clean’ financial statement for the fiscal year 2026 (FY2026), and the decision to appoint Mark Long as Senior Vice President (SVP) and Chief Financial Officer (CFO) is praiseworthy, according to…
Source: Finbold
