Super Micro Computer Inc. (NASDAQ:SMCI) is one of the under-the-radar AI stocks to buy. On February 4, Mizuho analyst Vijay Rakesh raised the firm’s price target on Super Micro to $33 from $31 while keeping a Neutral rating. Rakesh informed that the company reported strong results, though competition and margin pressure continue to be challenges.
On the same day, Needham lowered the price target for Super Micro to $40 from $51 with a Buy rating. The firm attributed the company’s FQ2 2026 earnings beat to a major customer’s data center deployment and noted that its Data Center Building Block Solutions is gaining momentum among key customers. The reduced price target reflects multiple compression within the AI hardware sector.
Barclays also cut the price target for Super Micro Computer Inc. (NASDAQ:SMCI) to $38 from $43 with an Equal Weight rating. In its review of the company’s earnings, Barclays highlighted that December quarter results surpassed expectations for both revenue and earnings.
Super Micro Computer Inc. (NASDAQ:SMCI), together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the US, Asia, Europe, and internationally.
While we acknowledge the potential of SMCI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
