Will SMCI see a downside of 23% this coming year?
$SUPER MICRO COMPUTER INC(SMCI)$
Yeah, I saw the news. Big deal, right? The stock is up more than 1,000% (11X) since the beginning of 2023 driven by a 3X growth in earnings (NTM EPS) and a nearly 3.5X expansion in valuation (NTM P/E) to 32X (v. 9x).”
But here's the thing: just because a stock is in the S&P 500 doesn't mean it's a sure winner. I'd rather put my money there than chase after a stock that's already had its big run.
Overall, the stock has 9 recent analyst reviews, and these include 5 Buys, 3 Holds and a single Sell. The consensus rating is a Moderate Buy, and the average price target, at $824.11, implies the stock will see a downside of 23% this coming year.
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