Mizuho Reduces PT on Super Micro Computer (SMCI) Stock

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the Oversold Fundamentally Strong Stocks to Buy Right Now. On January 9, Mizuho reduced the price target on the company’s stock to $31 from $45, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm adjusted targets in the semiconductors and semiconductor capital equipment group with respect to its 2026 outlook.

Mizuho Reduces PT on Super Micro Computer (SMCI) Stock

Additionally, the firm anticipates continued upside for the group in 2026 due to attractive valuations, albeit more modest compared to 2025. While the analyst’s top sectors in 2026 include AI accelerators and wafer fab equipment, optical, and memory, the firm is cautious about EVs, autos, as well as analog and computers, and handsets.

In a different update, on January 6, Super Micro Computer, Inc. (NASDAQ:SMCI) announced that it entered into a definitive credit agreement providing for a senior revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, as well as a syndicate of lenders. Notably, the revolving credit facility offers aggregate commitments of $2.0 billion, with a maturity date of December 29, 2030.

Super Micro Computer, Inc. (NASDAQ:SMCI) develops and sells server and storage solutions based on modular and open-standard architecture.

While we acknowledge the potential of SMCI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMCI and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.