Super Micro Computer, Inc. (NASDAQ:SMCI) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $28.00.
A number of analysts have recently weighed in on the company. Maxim Group raised their target price on Super Micro Computer from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Zacks Investment Research upgraded Super Micro Computer from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, May 9th. DA Davidson raised their target price on Super Micro Computer to $24.00 and gave the company a “neutral” rating in a research note on Monday, May 7th. Finally, BidaskClub upgraded Super Micro Computer from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 8th.
Shares of NASDAQ:SMCI traded down $0.05 during midday trading on Friday, reaching $23.70. The company’s stock had a trading volume of 3,594 shares, compared to its average volume of 480,687. Super Micro Computer has a fifty-two week low of $23.70 and a fifty-two week high of $23.98. The firm has a market cap of $1.15 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.16 and a beta of 0.19.
About Super Micro Computer
Super Micro Computer, Inc, together with its subsidiaries, develops and provides high performance server solutions based on modular and open architecture. It offers a range of server, storage, blade, workstation, and full rack solutions, as well as networking devices, server management software, and technology support and services.
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