Raymond James raised the firm's price target on Super Micro to $45 from $35 and keeps an Outperform rating on the shares. Supermicro's mixed Q3 results featured a revenue miss driven by cloud customer push-outs, offset by materially stronger gross margins due to favorable mix and lower-than-expected costs, while management reaffirmed no company wrongdoing amid export control-related indictments, the analyst tells investors in a research note.
