“Results at high end of guidance as management ability to account for macro environment improves. Revenue down 16% y/y continues to outperform the most relevant benchmark of Intel DCG Enterprise & Government, in our view, which was down 31% y/y. Bringing filings up to date continues to progress; cadence appears to indicate another 3-5 months before completely caught up. Strong FCF generation, bottom line results & trading at 5x EV/NI make a compelling Buy; raising 12-month price target to $39, from $36.”
According to TipRanks.com, Chokshi is a 4-star analyst with an average return of 3.7% and a 48.9% success rate. Chokshi covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Palo Alto Networks, and Turtle Beach Corp.
Currently, the analyst consensus on Super Micro Computer is a Moderate Buy with an average price target of $39.
The company has a one-year high of $23.04 and a one-year low of $8.50. Currently, Super Micro Computer has an average volume of 102.1K.
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Super Micro Computer, Inc. manufactures servers and other computer products. The firm’s products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, networking, embedded, gaming, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack, and server management.