Super Micro Computer Stock Sees Another Downgrade
SMCISuper Micro Computer(SMCI) Schaeffers Investment Research·2024-09-06 22:13

The analyst in coverage also cut its price objective to 500from500 from 950Super Micro Computer Inc (NASDAQ:SMCI) stock is down 3.9% to trade at 398.39atlastcheck,after J.P.MorganSecuritiesdowngradeditto"neutral"from"overweight"andlowereditspriceobjectiveto398.39 at last check, after J.P. Morgan Securities downgraded it to "neutral" from "overweight" and lowered its price objective to 500 from 950.Thefirmcitedthecompany′scomplianceissues. Thesharesattractedanotheraggressivebearnote earlierthisweek,whichknockedthemtotheirlowestlevelsinceJanuaryamidresistancefromthe950. The firm cited the company's compliance issues. The shares attracted another aggressive bear note earlier this week, which knocked them to their lowest level since January amid resistance from the 650 level. Now pacing for ...