Analysts Offer Insights on Technology Companies: Super Micro Computer (SMCI) and Block (XYZ)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Super Micro Computer (SMCI) and Block (XYZ).

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Super Micro Computer (SMCI)

Citi analyst Asiya Merchant maintained a Hold rating on Super Micro Computer on March 20 and set a price target of $39.00. The company’s shares closed last Friday at $20.53, close to its 52-week low of $17.25.

According to TipRanks.com, Merchant is a top 25 analyst with an average return of 71.3% and a 74.0% success rate. Merchant covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Dell Technologies, and TE Connectivity. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Super Micro Computer with a $38.89 average price target, which is a 72.7% upside from current levels. In a report issued on March 20, Argus Research also downgraded the stock to Hold.

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Block (XYZ)

UBS analyst Timothy Chiodo maintained a Buy rating on Block on March 20 and set a price target of $90.00. The company’s shares closed last Friday at $59.37, close to its 52-week low of $53.54.

According to TipRanks.com, Chiodo is a 3-star analyst with an average return of 1.5% and a 43.6% success rate. Chiodo covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Klarna Group Plc. ;'>

Block has an analyst consensus of Strong Buy, with a price target consensus of $85.00, which is a 45.2% upside from current levels. In a report issued on March 5, Bank of America Securities also initiated coverage with a Buy rating on the stock with a $88.00 price target.

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