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Super Micro Computer (SMCI) shares fell 12% after Q3 earnings missed market expectations, but analysts see potential for recovery due to temporary setbacks like GPU rollout delays. Price targets suggest a potential upside of 33.27%. Despite the recent downturn, 12 analysts project an average target price of $44.93, with estimates ranging from $73.00 to $15.00.
Super Micro Computer (SMCI) shares fell by 12% on August 6, 2024, following the release of its Q3 2024 earnings report. The company reported earnings per share (EPS) of $0.63, which fell short of the consensus estimate of $0.76 by $0.14. Quarterly revenue rose 142.9% year-over-year to $5.31 billion, but this was below analyst estimates of $5.32 billion [1].
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