Analyst revises SMCI stock price target

Super Micro Computer was a big winner in the first half of 2024. However, an August report from now-defunct short-selling activist group Hindenburg Research caused a significant crash in the price of Super Micro stock (NASDAQ: SMCI).The report in question alleged widespread accounting abuses. Super Micro had to delay the filing of its annual report. However, the situation was resolved on February 25, and the server-maker regained full compliance.Two weeks earlier, on February 11, the business also held its ...