Super Micro Computer stock price target raised to $60 by Rosenblatt

Investing.com - Rosenblatt has raised its price target on Super Micro Computer (NASDAQ:SMCI) to $60.00 from $50.00 while maintaining a Buy rating on the stock. The company, currently trading at $47.92, has demonstrated strong momentum with a 45.7% return over the past six months and a 71.2% YTD gain. According to InvestingPro data, analyst targets for SMCI range from $15 to $93.

The price target increase comes despite Super Micro’s negative pre-announcement of its first-quarter fiscal 2026 revenue for the period ending September 2025.

Rosenblatt noted that the disappointing revenue outlook is offset by Super Micro’s announced backlog of over $12 billion in new designs, with deliveries requested for the second quarter of fiscal 2026.

The research firm is adjusting its estimates by shifting approximately $1.5 billion of first-quarter fiscal 2026 revenue into later quarters of the fiscal year, while increasing its overall fiscal 2026 revenue projection.

Rosenblatt believes Super Micro is "nimble enough to react to customer requests despite the near-term revenue disruptions," resulting in "satisfied customers and locking in longer-term growth" in the AI data center market.

In other recent news, Super Micro Computer reported preliminary first quarter fiscal 2026 revenue of approximately $5 billion, which fell short of its previous guidance of $6 billion to $7 billion and consensus estimates of $6.5 billion. Despite this revenue miss, the company maintained its fiscal 2026 revenue forecast of approximately $33 billion, citing strong design wins as a basis for its confidence. Super Micro Computer also announced securing new design wins valued at over $12 billion, with delivery scheduled for the second quarter of fiscal 2026. Analyst firm Raymond James maintained its Outperform rating on the stock, while Mizuho kept a Neutral rating despite the revenue shortfall. Additionally, Supermicro unveiled a new 6U MicroBlade server solution powered by AMD EPYC 4005 processors, aimed at cloud service providers seeking higher density computing solutions. The company also launched its Data Center Building Block Solutions, offering a comprehensive data center infrastructure package. These developments highlight Super Micro Computer’s ongoing efforts to innovate and expand its product offerings in the technology sector.

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