Shares of Super Micro Computer (SMCI) are surging today in continuation of a week-long rally that has seen them fully recover from a short-seller’s report last summer. Indeed, the report, which was published by Hindenburg Research, accused the technology hardware company of accounting violations and failing to disclose its relationships with suppliers. However, Super Micro has since denied these allegations and took steps to address the concerns. As a result, SMCI stock has been on a tear in 2025, with a nearly 100% gain that has made it the top-performing member of the S&P 500 (SPX).
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Furthermore, Super Micro’s business update last week came with long-term targets that seem to have increased investor confidence in its ability to recover. In fact, Super Micro’s CEO, Charles Liang, believes that the firm can reach $40 billion in revenue for Fiscal Year 2026, which is higher than analysts’ forecasts of around $30 billion. It is also worth noting that the company’s server systems for data centers that use Nvidia’s (NVDA) AI chips are now in full production and that the firm has a major deal with Elon Musk’s xAI data center in Tennessee.
In addition, Super Micro is working to submit its delayed SEC filings by February 25 and is searching for a new CFO. Nevertheless, Super Micro’s shares remain far below their record closing price of $114 last March despite its recent upswing.
Is SMCI Stock a Good Buy?
Turning to Wall Street, analysts have a Hold consensus rating on SMCI stock based on three Buys, two Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average SMCI price target of $36.50 per share implies 41% downside risk.
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