Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Super Micro Computer (NASDAQ:SMCI) on Wednesday, setting a price target of $48, which is approximately 51.04% above the present share price of $31.78.
Chokshi expects Super Micro Computer to post earnings per share (EPS) of $0.54 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Super Micro Computer, with an average price target of $42.67.
The analysts price targets range from a high of $48 to a low of $40.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $830.31 million and a net profit of $37.37 million. The company's market cap is $1.61 billion.
According to TipRanks.com, Northland Securities analyst Nehal Chokshi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.6% and a 63.96% success rate.
Super Micro Computer, Inc. manufactures servers and other computer products. The firm's products include twin solutions, MP servers, GPU and coprocessor, MicroCloud, networking, embedded, gaming, AMD solutions, power supplies, SuperServer, storage, motherboards, chassis, super workstations, accessories, SuperRack, and server management. The company was founded by Charles Liang, Yih-Shyan Liaw and Chiu-Chu Liu Liang in September 1993 and is headquartered in San Jose, CA.