Stocks making the biggest moves premarket: SpaceX, Super Micro Computer, Netflix, Dell and more
Rosenblatt has increased its price target for Super Micro Computer stock (NASDAQ: SMCI) to $57 from $51, maintaining a Buy rating following the company's first-quarter preannouncement. Super Micro preannounced that its fiscal 2027 revenue is expected to fall between $18.5 billion and $19.5 billion, indicating a 71% quarter-over-quarter growth and approximately 280% year-over-year growth.
The firm also raised its revenue estimate for fiscal 2027 to $80 billion, and its earnings per share (EPS) estimate to $6.40, up from $5.13 previously. Rosenblatt's new price target is based on around 9 times the company's EPS forecast. Analysts have revised their earnings estimates upwards for the next period by an average of $1, reinforcing the bullish sentiment.
The company reported that new orders worth $60 billion from over 20 customers have been secured, demonstrating strong order momentum and robust revenue growth for fiscal year 2027.
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