Analyst Nehal Chokshi raises Super Micro’s price target to $57, citing the company’s growth potential in the AI domain despite recent setbacks. The analyst believes SMCI is poised for market share gains and sees a significant upside potential of 43.7% from current levels. Despite this, some analysts remain cautious due to the company’s challenges in raising capital.
Source: https://www.tipranks.com/news/super-micro-smci-wins-a-new-street-high-price-target-from-northland-securities