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Fly News Breaks for July 19, 2016
SMCI
Jul 19, 2016 | 07:42 EDT
As noted earlier, Stifel downgraded Super Micro Computer to Hold from Buy. The firm downgraded the stock following the company's negative preannouncement.
News For SMCI From the Last 2 Days
SMCI
Apr 16, 2024 | 09:56 EDT
Notable gainers among liquid option names this morning include UnitedHealth (UNH) $475.73 +30.10, Super Micro (SMCI) $914.90 +32.15, Humana (HUM) $324.54 +9.90, Morgan Stanley (MS) $89.42 +2.43, and Cencora Inc (COR) $238.39 +4.18.
SMCI
Apr 16, 2024 | 06:00 EDT
Loop Capital raised the firm's price target on Supermicro to $1,500 from $600 and keeps a Buy rating on the shares. The firm continues to gain confidence in both its "net-bullish" generative artificial intelligence server industry posture and Supermicro as an increasing leader in the need for both complexity and scale. The analyst thinks a 20- to 30-times price-to-earnings multiple for shares is maintainable now that the company is in the S&P 500 Index. It thinks the company can have a $40B revenue run-rate exiting fiscal 2026.
