Rosenblatt Reinitiates Positive SMCI Coverage Amid AI Sales Surge

Super Micro Computer (NASDAQ: SMCI) has been spotlighted following Rosenblatt’s decision to reinitiate coverage with a positive outlook, largely due to its growing influence in the artificial intelligence sector. Meanwhile, Wall Street experienced a subdued opening amid concerns of an economic downturn, and notable movements were observed in the stock prices of companies such as Tesla (NASDAQ: TSLA), Southwest Airlines (NYSE: LUV), and Oracle (NASDAQ: ORCL).

Rosenblatt Sets $60 Price Target for SMCI

Rosenblatt analysts have placed a renewed focus on Super Micro Computer, assigning a Buy rating with a 12-month price target of $60. This optimistic view is driven by the company’s significant revenue growth in artificial intelligence, which now accounts for nearly 70% of its total sales.

Supermicro’s advancements, particularly in liquid cooling systems and innovative architectural designs, are seen as pivotal in enhancing AI performance. The company’s extensive experience and scale in the AI sector are perceived as key factors in maintaining its competitive edge, positioning it as a leader in the evolving technological landscape.

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Wall Street Opens Under Stress

The opening of Wall Street was marked by a downward trend, reflecting investor apprehension about a potential economic slowdown. This sentiment was particularly evident in the performance of Kohl’s, whose shares dropped following a bleak forecast.

Despite these concerns, there was a temporary halt in the global stock selloff, as investors appeared to regain some level of confidence. This pause indicates a cautious optimism among market participants, as they navigate the prevailing uncertainties in the economic environment.

Super Micro Computer’s stock has shown notable fluctuations, with a recent closing price of $36.90 and an opening of $36.80 on March 11, 2025. As of 09:51 EDT on the same day, the stock was trading at $39.505, having reached a day high of $39.995 and a low of $36.61.

Over the past year, the stock has experienced a wide range, with a 52-week low of $17.25 and a high of $119.80. The company’s market cap stands at approximately $23.44 billion, with key financial metrics indicating a trailing P/E ratio of 17.17 and a forward P/E ratio of 9.32. Analysts recommend holding the stock, with a target price range between $15.00 and $93.00, and a median target of $54.50.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.