Analysts set SMCI stock price target after earnings
SMCISuper Micro Computer(SMCI) Finbold·2024-08-07 19:06

For several months in 2024, the server company Super Micro Computer (NASDAQ: SMCI) was the absolute star of the stock market as it, between January and March, managed a rise from about 285toabove285 to above 1,000.Supermicro’s performance since has, however, been less than stellar as the company’s shares entered a months-long period of stagnation that has, with the release of the latest earnings report, ended with an extended session crash for SMCI.Indeed, while the technology firm managed to slightly beat revenue ...