Super Micro Gains Momentum with JPMorgan Upgrade to 'Neutral'

JPMorgan raises Super Micro's price target to $45, citing strong demand for Blackwell-based servers and improved supply chain dynamics.

Super Micro's stock rose nearly 9% during trading on March 21, 2025, following JPMorgan's upgrade to 'Neutral' from 'Underweight.'
JPMorgan increased the price target for Super Micro from $35 to $45, reflecting optimism about the company's recovery and growth potential.
The company has moved past regulatory uncertainties tied to delayed SEC filings and is now positioned to benefit from robust demand for Blackwell-based servers.
Analysts highlighted potential challenges, including competitive pricing pressures and elevated costs from internal control improvements, which could impact margins.
Super Micro's valuation multiple remains below competitors like Dell, with JPMorgan assigning a 10x earnings multiple compared to Dell's 11x.