SMCI Stock Near 3-Month Low: Super Micro’s Earnings Beat Fails To Ease Analyst Concerns Over Margins
Super Micro raised its full-year forecast, but analysts have flagged its reliance on one buyer and thinner profit margins. According to Raymond James, the customer accounting for 44% of SMCI’s revenue is most likely SpaceX. The firm raised its price target on the stock to $65 from $48 and maintained an ‘Outperform’ rating, Bank of … Read more