Super Micro Target Cut 36% to $25 Drives 2% Stock Decline
Super Micro shares dropped 2% after Citigroup cut its price target by 36% to $25 from $39, maintaining a Neutral rating. Northland cut its target to $22 with a Market Perform rating and CJS moved to Underperform, while the Street’s average target sits at $36.76 with a consensus Hold.
1. Citigroup Cuts Price Target
Citigroup reiterated a Neutral stance on Super Micro while reducing its price target from $39 to $25, a 36% cut that prompted a 2% share price drop. The firm cited heightened volatility and more limited near-term upside in its valuation assessment.
2. Analyst Revisions and Street Consensus
Northland Capital Markets lowered its price target to $22 with a Market Perform rating and CJS Securities shifted to Underperform, while Needham, Rosenblatt and Barclays have trimmed targets but kept ratings intact. Analysts’ average target stands at $36.76 and the consensus rating remains Hold, indicating mixed expectations for future stock performance.