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Needham Lowers Super Micro (SMCI) Price Target to $40, Keeps Buy
Yahoo Finance· 2026-02-22 12:27
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 ...