Is SMCI a Good Stock to Buy?
$SUPER MICRO COMPUTER INC(SMCI)$
But it also posted a record revenue figure of $5.31 billion in its fourth quarter, which was a 143% increase against the same time last year. This makes it easy to wonder if it can continue growing at such a high rate and justify a return to its record high. The numbers certainly support assertions that Super Micro is producing and making money for shareholders regardless of what Hindenburg Research might suggest.
Is SMCI a Good Stock to Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on SMCI stock based on five Buys, five Holds, and one Sell assigned in the past three months. After a 60.55% rally in its share price over the past year, the average SMCI price target of $978.50 per share implies 117.43% upside potential.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
