Super Micro Computer Stock Faces Downgrade from JP Morgan

Friday, 6 September 2024, 03:13

Super Micro Computer stock news reveals a significant downgrade by JP Morgan, now rated as 'neutral'. This SMCI downgrade has implications for investors, contributing to a 3.9% drop in SMCI stock price. Analysts are raising their eyebrows over future SMCI price targets amidst the changing tech stocks landscape.
Schaeffersresearch
Super Micro Computer Stock Faces Downgrade from JP Morgan

Super Micro Computer Stock Downgraded

Super Micro Computer Inc (NASDAQ:SMCI) has recently been in the spotlight due to a notable downgrade by JP Morgan Securities, adjusting its rating to 'neutral' from a previous stance. Following this news, SMCI stock has plummeted by 3.9%, currently trading at $398.39. Investors are on high alert as analysts reassess their price targets for SMCI, especially amidst discussions surrounding tech stocks overall.

Analysts React to SMCI Downgrade

The SMCI downgrade has sparked interest among **analysts**, with some expressing concerns about its impact on the broader market trends. As more updates emerge, investors should watch for SMCI analyst insights that could shift the outlook for this tech stock.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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