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Loop Capital has raised its price target for Super Micro Computer Inc. (SMCI) to $40 from $35 while maintaining a Buy rating. The firm emphasized that SMCI is a key player in the information technology sector, particularly with upcoming catalysts such as getting its SEC filings current and the anticipated ramp-up of its GB200 and GB300 products. Analysts noted the company's importance in the AI space, reinforcing their bullish outlook.
Loop Capital lifts SMCI target, 'remains an important company' https://t.co/EakaeXXUzv https://t.co/stsvO3duOt
$SMCI Loop reiterates Super Micro as buy Loop said it’s sticking with its buy rating on shares of the information tech AI company. “We’re raising our PT to $40 (from $35) and reiterating our Buy rating as SMCI remains an important company in an important space...
Loop Capital Raises $SMCI PT to $40 from $35, Maintains Buy Rating