Loop Capital cut Super Micro Computer's (NASDAQ:SMCI) price target to $1,000 from $1,500, a nearly 33.33% reduction. The firm kept its Buy rating on the stock. Analyst Ananda Baruah noted that they reduced the price target as the company works to get its gross margin/operating margin back to 14%/10%,

Super Micro Computer shares are likely to remain in the spotlight this week after gaining more than 4% on Friday and ahead of a stock split that takes effect next week. Since setting their record high in early March,

Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.

Loop Capital cut Super Micro Computer's (NASDAQ:SMCI) price target to $1,000 from $1,500, a nearly 33.33% reduction. The firm kept its Buy rating on the stock. Analyst Ananda Baruah noted that they reduced the price target as the company works to get its gross margin/operating margin back to 14%/10%,