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Rosenblatt Securities is sticking with its bullish call on Super Micro Computer (NASDAQ: SMCI), even as most of Wall Street stays on the sidelines. In a note dated Thursday, October 15, analyst Sajal Dogra reiterated his “Buy” rating and $51 price target, describing the company’s latest developments as positive.
That target implies upside of 45.34% from SMCI’s latest close of $35.09. The stock has had a rough stretch: shares have fallen 21.92% since October 7, a slide that makes Dogra’s conviction stand out even more.
The note arrives just after a leadership change that investors had been waiting on for a long time. Whether other analysts follow Rosenblatt’s lead, or keep treating the server maker with caution, is the open question heading into the next earnings cycle.
Why Rosenblatt Is Holding Its Ground
Dogra pointed to two developments behind his view. First, he said Supermicro delivered clean financial statements for fiscal year 2026, a meaningful point for a company whose reporting has drawn scrutiny in recent years. Second, he praised the appointment of Mark Long as Senior Vice President and Chief Financial Officer.
In his assessment, the shares remain undervalued, particularly after these updates, which supports both the “Buy” rating and the unchanged target.
A target that has held through a volatile stretch
Dogra first set the $51 target in late August, when SMCI traded at $37.24. With the stock now a couple of dollars lower, the implied upside has widened, even though the analyst’s outlook itself has not changed.
Who is the new CFO?
According to a Form 8-K filed with the Securities and Exchange Commission, Supermicro’s board appointed Long as CFO on October 14, 2026, effective immediately, with David Weigand stepping out of the role at that time. The filing notes that Long was Chief Financial Officer of data storage company Western Digital from 2016 to 2019 and has been a principal at early-stage investment and advisory firm Prime Impact Capital since 2019.
Background: a long-running search
The hire closes out a search that had stretched on far longer than expected. After the company’s former auditor resigned in late 2024, a board-led review called for a new finance chief. The special investigation did not find misconduct but exposed significant weaknesses in internal controls and governance, and the board asked for an immediate search to replace Weigand, who had held the job since 2021. Fortune reported in February 2026 that the CFO role was still unchanged roughly 14 months later.
Where the Rest of Wall Street Stands
Rosenblatt is an outlier. Based on TipRanks data retrieved by Finbold on October 16, SMCI carries an overall “Hold” consensus. Of the 16 recent ratings, 11 are “Neutral,” three are “Sell,” and only two are positive.
The average 12-month price target sits at $39.38, about 12.24% above the latest close. That average reflects all notes issued over the past three months, so it blends older calls with the newest ones.
The recent tone has been even more cautious. September and October have been dominated by “Hold” and “Sell” ratings, with Rosenblatt the only exception across both months.
The range of Wall Street price targets
| Firm | Analyst | Rating | Price target | Date | Implied move vs. $35.09 |
|---|---|---|---|---|---|
| Rosenblatt Securities | Sajal Dogra | Buy | $51 | Oct. 15 (reiterated) | +45.3% |
| Citi | Asiya Merchant | Hold | $45 | Oct. 9 | +28.2% |
| Three-month average | 16 analysts | Hold (consensus) | $39.38 | As of Oct. 16 | +12.2% |
| Susquehanna | Mehdi Hosseini | Sell | $15 | Sept. 12 | -57.3% |
The bull and bear outliers
Susquehanna’s Mehdi Hosseini is the most bearish analyst to update his view in this period. His “Sell” rating and $15 target, issued on September 12, point to a 57.25% decline from the latest close.
Setting Dogra aside, the most optimistic recent call came from Citi (NYSE: C). Analyst Asiya Merchant kept a “Hold” rating on October 9 but assigned a $45 target, the highest among the cautious camp.
What to Watch Next
The gap between Rosenblatt’s $51 and Susquehanna’s $15 shows how divided analysts remain on Supermicro. Rosenblatt is betting that cleaner financial reporting and an experienced CFO will help close the valuation gap, while much of Wall Street appears to want more evidence before turning constructive.
Long’s first earnings call as finance chief will likely be a key test. Investors will be listening for how he frames margins, guidance, and the company’s controls, all areas where the stock’s skeptics have focused their concerns.
Disclaimer: This content was partially produced with the help of AI tools and This content is for informational purposes only and not investment advice.
