- Super Micro Computer's stock slipped by 17% in after-hours trading due to lowered sales expectations.
- Analysts project an average price target of $50.93, suggesting significant potential upside.
- GuruFocus estimates a GF Value of $59.52, indicating a possible 65.33% increase.
Super Micro Computer (SMCI, Financial) has recently faced a rough patch as its stock price dropped by 17% in after-hours trading. This decline came after the AI server manufacturer announced preliminary third-quarter sales that fell short of market expectations. The shortfall is attributed to deferred customer decisions, which in turn affected the company's gross margins and earnings per share. Sales projections are currently set between $4.5 billion and $4.6 billion, falling short of the anticipated $5.35 billion.
Wall Street Analysts Forecast
Analyst sentiment towards Super Micro Computer (SMCI, Financial) remains cautiously optimistic. According to estimates from 13 analysts, the average target price is set at $50.93. This range spans from a high estimate of $93.00 to a low of $15.00, implying an upside potential of 41.48% from the current trading price of $36.00. For more comprehensive data, visit the Super Micro Computer Inc (SMCI) Forecast page.
The consensus recommendation from 15 brokerage firms places Super Micro Computer (SMCI, Financial) with an average rating of 2.8, which corresponds to a "Hold" status. This recommendation is part of a rating scale where 1 indicates a Strong Buy, and 5 denotes a Sell.
GuruFocus Fair Value Estimate
Turning to GuruFocus proprietary metrics, the estimated GF Value for Super Micro Computer (SMCI, Financial) over the next year is pegged at $59.52. This suggests a potential upside of 65.33% from the current price of $36.00. The GF Value is GuruFocus' calculated fair value for the stock, derived from historical trading multiples, past business growth, and projected future performance. Additional insights are available on the Super Micro Computer Inc (SMCI) Summary page.
