Super Micro (SMCI) is rallying after releasing preliminary Q1 revenue results.
@NPetallides notes that BofA is more cautious about margin pressures and competitive dynamics in the AI server market. The firm has an "Underperform" rating on $SMCI but raised its price target to $38 from $33. Rosenblatt raised its price target on the stock to $57 from $51 while maintaining a "Buy" rating.
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