Super Micro Computer (NASDAQ:SMCI) Price Target Cut to $34.00 by Analysts at Wedbush

Key Points

• Wedbush cut its price target on Super Micro to $34 (from $42) and maintained a "neutral" rating, while analyst consensus sits at a "Hold" with an average target near $35.36, implying modest upside.
• Super Micro reported a Q3 $0.84 EPS vs. $0.63 expected, saw revenue rise 122.7% year‑over‑year and issued upbeat Q4 guidance, which helped drive a sharp rally in the stock.
• Material legal and governance risks persist, including a reported federal indictment alleging roughly $2.5 billion of potentially illegal sales and multiple class‑action notices, creating a significant overhang.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) had its price target reduced by Wedbush from $42.00 to $34.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Wedbush's target price would suggest a potential upside of 4.63% from the company's current price.

Other research analysts have also recently issued reports about the company. Sanford C. Bernstein lowered their target price on Super Micro Computer from $42.00 to $37.00 and set a "market perform" rating for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. cut their target price on shares of Super Micro Computer from $40.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, April 16th. Rosenblatt Securities lowered their price target on shares of Super Micro Computer from $50.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, March 25th. Raymond James Financial reduced their price objective on shares of Super Micro Computer from $50.00 to $35.00 and set an "outperform" rating on the stock in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Super Micro Computer in a report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Super Micro Computer currently has an average rating of "Hold" and an average target price of $35.36.

Super Micro Computer Trading Up 16.8%

Shares of SMCI stock opened at $32.50 on Wednesday. Super Micro Computer has a fifty-two week low of $19.48 and a fifty-two week high of $62.36. The company has a 50 day moving average price of $27.57 and a 200 day moving average price of $32.57. The stock has a market capitalization of $19.46 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 0.52 and a beta of 1.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.01 and a current ratio of 1.70.

Super Micro Computer (NASDAQ:SMCI - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.21. The company had revenue of $10.24 billion for the quarter, compared to analyst estimates of $12.39 billion. Super Micro Computer had a net margin of 3.11% and a return on equity of 13.22%. The firm's quarterly revenue was up 122.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. Super Micro Computer has set its Q4 2026 guidance at 0.650-0.790 EPS. Equities research analysts predict that Super Micro Computer will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Super Micro Computer by 210.8% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 49,806 shares of the company's stock worth $1,498,000 after purchasing an additional 33,782 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Super Micro Computer by 54.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,789 shares of the company's stock worth $3,155,000 after purchasing an additional 38,098 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Super Micro Computer in the 3rd quarter valued at approximately $832,000. UG Investment Advisers Ltd. acquired a new stake in Super Micro Computer during the 3rd quarter valued at $1,009,000. Finally, Littlejohn Financial Services Inc. acquired a new stake in Super Micro Computer during the 3rd quarter valued at $1,162,000. 84.06% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Super Micro Computer

Here are the key news stories impacting Super Micro Computer this week:

• Positive Sentiment: Q3 beat and strong Q4 guide — SMCI reported $0.84 EPS vs. $0.63 expected, posted improving margins and issued Q4 revenue guidance well above consensus ($11.0B–$12.5B vs. ~11.1B), which underpins the bullish near‑term thesis on AI server demand. Super Micro bets on AI server demand to provide upbeat forecast, shares soar
• Positive Sentiment: Market reaction — Investors rewarded the guidance and margin recovery: shares jumped sharply in after‑hours and premarket trading, reflecting renewed optimism about SMCI’s revenue trajectory and profitability recovery. Super Micro stock jumps 19% on guidance beat as revenue more than doubles
• Positive Sentiment: Analyst support — Needham reaffirmed a “buy” and set a $40 price target, signaling institutional optimism that the company can continue to capture AI infrastructure demand. Benzinga
• Neutral Sentiment: Sector tailwind — Broader tech and chip strength lifted futures and likely helped SMCI’s move today, so some gains may be driven by macro/sector momentum rather than company‑specific news. Tech Stocks Rocket Higher on Chip Strength, Easing Oil and Iran Deal Hopes
• Neutral Sentiment: Earnings materials available — Management’s slide deck and call transcript provide detail behind the beat/guidance; review for backlog, customer mix and margin drivers to assess sustainability. Super Micro Computer, Inc. 2026 Q3 - Results - Earnings Call Presentation
• Negative Sentiment: Alleged export‑control violations / indictment — A recent investor alert cites a federal indictment alleging roughly $2.5B of sales were illegal, a material legal and reputational risk that could trigger fines, remediation costs or loss of customers. This remains an overhang until resolved. SMCI Investor Alert: Super Micro Computer Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Allegedly Diverting AI Servers Illegally: Levi & Korsinsky
• Negative Sentiment: Multiple class‑action notices and law‑firm reminders — Numerous firms are soliciting lead‑plaintiff motions (deadlines May 26), increasing the likelihood of consolidated litigation and potential shareholder damages claims. Super-Micro-Computer-Inc-Notice-of-May-26-2026-Application-Deadline-for-Class-Action-Lawsuits
• Negative Sentiment: Analyst caution / governance concerns — Several analysts and pieces argue governance and operational risks remain elevated (customer churn risk cited), which could limit upside if legal and contract risks persist. Super Micro Computer: Get Out Before Earnings

Super Micro Computer Company Profile

Super Micro Computer, Inc (Supermicro) is a technology company that designs, develops and manufactures high-performance server, storage and networking solutions for enterprise, cloud, data center, high performance computing (HPC) and edge computing customers. The company's product portfolio includes rackmount and blade servers, storage subsystems, motherboards, chassis, power supplies and networking components, with an emphasis on high-density, energy-efficient configurations and platforms optimized for GPU-accelerated workloads and artificial intelligence applications.

Headquartered in San Jose, California, Supermicro combines in-house engineering with a global manufacturing and distribution footprint to deliver configurable, application-specific systems.

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