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The target raise and large implied gap are bullish, though the estimate is an analyst opinion and the prior target is unavailable.
What happened, with direct paths to the underlying reporting
Raymond James raised its price target on Super Micro Computer to $65 from an unspecified prior target. The target is about 107% above the posted price of $31.39; this is an analyst estimate, not a guaranteed return.
Target: $65
Posted price: $31.39
Analyst firm: Raymond James
Analyst: Simon Leopold
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