Super Micro Poised for Expansion as Gross Margin Concerns Ease, Internal Control Risks Priced In: Analyst
Super Micro Computer(SMCI) Benzinga·2024-09-19 02:37Needham analyst Quinn Bolton initiated coverage on Super Micro Computer Inc SMCI with a Buy rating and a price target of $600.Bolton noted Super Micro as a “show me” story on its margin recovery, justifying its multiple being at a slight premium to its hardware rivals.The analyst noted that the stock price reflects most of the risk associated with the Board’s review of internal controls.Also Read: NVIDIA, Micron, SMCI Stocks Are Down Monday: What’s Going On?Bolton noted Super Micro as a significant benefici ...