Rosenblatt Raises Super Micro Target to $57 After Revenue Outlook Increase

On Oct. 21, Sajal Dogra of Rosenblatt Securities increased his 12-month target for Super Micro Computer (NASDAQ: SMCI) from $51 to $57 and maintained his Buy rating following the company's higher preliminary fiscal first-quarter 2027 revenue outlook.

Super Micro estimated revenue of $18.5 billion to $19.5 billion for the quarter ended Sept. 30, up from its previous range of $14.5 billion to $15.5 billion. Super Micro linked the increase primarily to stronger demand for its AI platforms. Its earlier preliminary outlook increase also included a higher gross margin estimate.

The company put gross margin at 12.0% to 12.5%, compared with its prior estimate of 10.4% to 10.8%, citing customer and product mix. The revenue and margin figures are preliminary and unaudited, and may change as Super Micro finalizes its financial statements.

For fiscal 2027, Rosenblatt now projects $80 billion in revenue, up from $68.5 billion, and earnings per share of $6.40, up from $5.13. Those are Rosenblatt estimates, not company guidance.

The fiscal first-quarter results call is set for Nov. 3 at 5 p.m. ET (22:00 UTC).