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Fly News Breaks for December 27, 2019
SMCI
Dec 27, 2019 | 09:00 EDT
Maxim analyst Nehal Chokshi raised his price target on Super Micro Computer to $36 and kept his Buy rating, saying the stock should be relisted on Nasdaq Global Select Market with all of its SEC filings now up to date as of December 20th. The analyst further states that the recent weakness in the shares is due to confusion among prospective customers about the security posture of SMCI servers, but he sees the recent SEC filings' indication of "bulked-up G&A" having led to more "predictable" results for the company.
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