Needham Lowers Super Micro (SMCI) Price Target to $40, Keeps Buy

We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now. On February 4, Needham lowered its price target on Super Micro Computer, Inc. (NASDAQ:SMCI) to $40 from $51 while maintaining a Buy rating. The firm attributed the company’s second-quarter earnings outperformance to a large-scale data center deployment by a major customer and highlighted increasing adoption of its Data Center Building Block Solutions platform, although the revised target reflects sector-wide valuation co ...