Analysts optimistic on Super Micro Computer stock despite recent decline and accusations from short-seller

From Nasdaq: 2024-09-23 19:45:23

Super Micro Computer (SMCI) shares have skyrocketed 2,294% in the last five years. The company specializes in custom-built HPC systems and serves high-profile clients like Nvidia and Tesla. Despite recent stock decline and accusations from a short-seller, analysts believe the sell-off may be overdone, with fantastic growth potential in AI and data storage markets. SMCI’s fundamentals remain strong, with triple-digit revenue growth and healthy cash balance. Recent EPS miss and margin pressure have caused concerns, but analysts remain optimistic, with a price target of $782.31, suggesting a 67.8% upside potential.



Read more at Nasdaq: Is Wall Street ‘Too Pessimistic’ on Super Micro Computer Stock?