Mizuho and Needham Initiate Coverage on Super Micro Computer with Price Targets of $450 and $600

Mizuho and Needham have initiated coverage on Super Micro Computer (SMCI), highlighting its potential in the AI server market. Mizuho has assigned a Neutral rating with a price target of $450, while Needham has given a Buy rating with a price target of $600. Analysts emphasize Super Micro's leadership in GPU-based compute systems and liquid-cooled rack-level solutions, predicting it will benefit significantly from increasing investments in AI infrastructure and forecast a revenue CAGR.