A research firm, Northland Securities, has lifted its price target on Super Micro Computer (SMCI) stock to $70, citing an impressive 88.9% upside potential from current levels. Analyst Nehal Chokshi, a five-star analyst with a proven track record of success, maintains a “Buy” rating on SMCI stock. The revised price target reflects the company’s liquid cooling technology for data centers and its GPUaaS customers, which are positioned in the Blackwell queue.
Chokshi believes that short-term headwinds impacted SMCI’s market share in the March quarter, but remains optimistic about the company’s ability to achieve its Fiscal 2026 sales target of $40 billion. The analyst notes that SMCI’s projections align with competitor Dell’s forecasts and reflect consistency in supplier Nvidia’s Blackwell shipments.
Despite the positive outlook, SMCI stock currently has a Hold consensus rating on TipRanks, driven by a mix of Buys, Holds, and Sells. The average price target implies 32.6% upside potential from current levels, but the stock has lost 68% in the past year.
Source: https://www.tipranks.com/news/smci-stock-alert-northland-lifts-super-micros-pt-to-match-the-street-high