JP Morgan Lowers SMCI Price Target to $45.00, Maintains Neutral Rating

JP Morgan analyst Samik Chatterjee has lowered the price target for Super Micro Computer (SMCI) to $45.00 USD, a -2.17% change from the previous target of $46.00 USD. The average target price for SMCI is $41.81 with a high estimate of $70.00 and a low estimate of $15.00, representing a 10.65% downside from the current price of $46.79. The average brokerage recommendation is 2.8, indicating a "Hold" status.

In a recent development, JPMorgan analyst Samik Chatterjee has revised the price target for Super Micro Computer (SMCI) to $45.00 USD, a 2.17% decrease from the previous target of $46.00 USD [1]. This adjustment comes in the wake of the company's fourth-quarter fiscal 2025 results, which fell short of expectations.

The current market price of SMCI is $46.79 USD, with an average target price of $41.81 USD, ranging from $15.00 USD to $70.00 USD. The average brokerage recommendation stands at 2.8, indicating a "Hold" status for the stock [1].

Super Micro Computer, currently valued at $34.17 billion, has been facing challenges in balancing revenues and gross margins, with the latter standing at 11.27% [1]. The company cited capital constraints and customer indecision as key reasons for the revenue and earnings shortfall in the fourth quarter. Despite these challenges, Super Micro maintains a GREAT financial health score of 3.16 [1].

JPMorgan highlighted two positive developments: the launch of Data Center Building Block Solutions (DCBBS) and progress in serving six to eight large-scale data center customers in fiscal 2026 compared to four in fiscal 2025. However, the analyst has moderated its revenue outlook for fiscal 2026 to $33 billion from $36 billion previously, with updated EPS forecasts for fiscal years 2026, 2027, and 2028 [1].

Other analysts have responded to the recent earnings report with mixed views. Barclays raised its price target to $45, while Raymond James increased its target to $53. Bank of America, however, maintained an Underperform rating, warning about margin pressure and customer delays [2, 3].

Super Micro Computer has faced intense competition in the AI server market, with rivals like Dell gaining market share. The company's liquid cooling solutions and DCBBS are seen as strengths, but the narrowing margins hint at intensifying competition [3].

References:
[1] https://www.investing.com/news/analyst-ratings/super-micro-computer-stock-price-target-lowered-to-45-at-jpmorgan-93CH-4172848
[2] https://www.investing.com/news/stock-market-news/should-you-still-own-smci-stock-after-earnings-selloff-analysts-discuss-4173810
[3] https://www.fool.com/investing/2025/08/08/buy-super-micro-stock-after-drop-wall-street-says/