On September 24th, Gelunhui｜Super Micro Computer (SMCI.US) fell more than 2%, closing at $456.59. On the news front, Loop Capital issued a research report, lowering the target price of Super Micro Computer from $1500 to $1000, maintaining a "buy" rating. Analyst Ananda Baruah pointed out that the reason for lowering the target price is the company's efforts to restore the gross margin/operating margin to 14%/10% and address the situation regarding the delayed submission of the 10-K report.
美股异动丨超微电脑跌超2% 遭Loop Capital大幅下调目标价至1000美元
US stock market anomaly | Super Micro Computer falls more than 2%, subjected to a significant target price downgrade to $1000 by Loop Capital.
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