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Numerous analysts remain wary of Super Micro Computer Inc.’s stock despite the company’s return last month to regulatory compliance, but the artificial-intelligence server maker received a boost of confidence on Wall Street Monday morning.
Rosenblatt Securities reinitiated coverage on Super Micro’s stock
SMCI with a buy rating and a 12-month price target of $60. But analyst Kevin Cassidy, who has taken over coverage at Rosenblatt, noted that Super Micro still has to prove itself to Wall Street.
This post was originally published on Market Watch
