Barclays Initiates Coverage of Super Micro Computer (SMCI) with Overweight Recommendation
Nasdaq Fintel reports that on September 19, 2023, Barclays initiated coverage of Super Micro Computer (NASDAQ:SMCI) with a Overweight recommendation.
Analyst Price Forecast Suggests 46.07% Upside
As of August 31, 2023, the average one-year price target for Super Micro Computer is 356.85. The forecasts range from a low of 252.50 to a high of $420.00. The average price target represents an increase of 46.07% from its latest reported closing price of 244.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Super Micro Computer is 7,514MM, an increase of 5.48%. The projected annual non-GAAP EPS is 9.04.
What is the Fund Sentiment?
There are 921 funds or institutions reporting positions in Super Micro Computer. This is an increase of 175 owner(s) or 23.46% in the last quarter. Average portfolio weight of all funds dedicated to SMCI is 0.52%, an increase of 41.22%. Total shares owned by institutions decreased in the last three months by 8.19% to 43,958K shares. The put/call ratio of SMCI is 1.26, indicating a bearish outlook.
