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Citi raises Super Micro target, but warns on margin pressures

Fri, 11 Jul 2025 14:15:02 -0400

Investing.com -- Citi raised its price target on Super Micro Computer (NASDAQ:SMCI) to $52 from $37 a share in a note Friday, citing improving demand for AI servers and the ramp of Nvidia’s GB200/300 platforms.

However, the bank kept a Neutral rating on the stock, pointing to increasing competitive pressure from Dell (NYSE:DELL) and HPE.

“Management sounds constructive on materialization of current commitments over the next two quarters as Blackwell GPU supply constraints ease,” Citi analysts wrote.

However, they added, “We remain concerned on margins given increased momentum and competitive efforts by DELL and HPE, which we believe will temper margin

Citi raises Super Micro target, but warns on margin pressures

Fri, 11 Jul 2025 14:15:02 -0400

However, the bank kept a Neutral rating on the stock, pointing to increasing competitive pressure from Dell (NYSE:DELL) and HPE.

“Management sounds constructive on materialization of current commitments over the next two quarters as Blackwell GPU supply constraints ease,” Citi analysts wrote.

However, they added, “We remain concerned on margins given increased momentum and competitive efforts by DELL and HPE, which we believe will temper margin

Citi raises Super Micro target, but warns on margin pressures

Fri, 11 Jul 2025 14:15:02 -0400

However, the bank kept a Neutral rating on the stock, pointing to increasing competitive pressure from Dell (NYSE:DELL) and HPE.

“Management sounds constructive on materialization of current commitments over the next two quarters as Blackwell GPU supply constraints ease,” Citi analysts wrote.

However, they added, “We remain concerned on margins given increased momentum and competitive efforts by DELL and HPE, which we believe will temper margin