JPMorgan has adjusted its price target for Super Micro Computer, Inc. (SMCI, Financial), reducing it from $45 to $39. The investment firm maintains a Neutral rating on the company's shares. This revision comes as JPMorgan updates its hardware and networking sector models to incorporate the anticipated repercussions of ongoing macroeconomic challenges influenced by tariffs.
The analysis now includes the potential for a broader economic slowdown, which is expected to affect demand across various customer sectors. The firm anticipates that this slowdown could lead to reduced purchasing activity from not only individual consumers but also business entities and telecom clients.
JPMorgan's outlook assumes that these macroeconomic pressures will lead to a decline in demand growth, necessitating adjustments in their forecast for Super Micro's financial performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Super Micro Computer Inc (SMCI, Financial) is $51.93 with a high estimate of $93.00 and a low estimate of $15.00. The average target implies an upside of 62.83% from the current price of $31.89. More detailed estimate data can be found on the Super Micro Computer Inc (SMCI) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Super Micro Computer Inc's (SMCI, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Super Micro Computer Inc (SMCI, Financial) in one year is $59.66, suggesting a upside of 87.08% from the current price of $31.89. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Super Micro Computer Inc (SMCI) Summary page.
