Needham & Company Assumes Super Micro Computer (SMCI) at Buy

Needham & Company analyst Richard Kugele assumes coverage on Super Micro Computer (NASDAQ: SMCI) with a Buy rating and a price target of $31.00.

Kugele comments, "With an unbroken track record of profitability since inception, Super Micro has a history of defying the odds. SMCI has found success in a highly competitive (and increasingly commoditized) market by leveraging its technical engineering prowess and bespoke product suite. Looking forward, we believe SMCI can capitalize on the current market turmoil (e.g. IBM/Lenovo) to drive share gains within enterprise, storage and internet/data center markets, as further evidenced by their robust F4Q results."

For an analyst ratings summary and ratings history on Super Micro Computer click here. For more ratings news on Super Micro Computer click here.

Shares of Super Micro Computer closed at $26.89 yesterday.

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