Equity research desks highlight that smci stock price forecast 2025 will closely track component supply chain stability. Any reduction in lead times for critical chips could enhance quarterly revenue pacing. Fourth-quarter revenue is now expected to land between $5.6 billion and $6.4 billion, missing the $6.81 billion target analysts had in mind. Non-GAAP earnings per share (EPS) are also forecast to come in lower, at $0.40 to $0.50, short of the $0.60 consensus. SMCI stock was trading for $18 in late October, before climbing back to the $30s by year-end. Some strategists warn that smci stock price forecast 2025 could face headwinds if AI adoption slows or hyperscaler budgets are cut, potentially driving a retreat toward $320.