SMCI Shares Surge, But Analysts Continue To Show Caution

2024-12-09 110

Super Micro Computer's stock surged 144% over three weeks, but caution emerged after an internal investigation. Although a Special Committee found no evidence of misconduct. Concerns remain over internal control lapses. SMCI faces an audit by BDO and overdue NASDAQ filings. Failure risks delisting. Wall Street analysts maintain a cautious stance on SMCI with a Hold consensus rating. The stock's average price target suggests a possible decline in value.