Looking for a Dirt Cheap AI Stock With Massive Upside? 1 Analyst Firm Thinks Super Micro Computer Can Soar 66%.
Super Micro Computer (NASDAQ: SMCI) is one of the more controversial stocks on Wall Street. After allegations of accounting missteps last year, an external committee found no wrongdoing, and the company hired a new accounting firm, which has released all the necessary financial statements to comply with Nasdaq stock exchange and Securities and Exchange Commission guidelines.While that was a wild roller-coaster ride to take investors on, the stock is just 50% higher than when it entered 2024, despite rising more than 300% at one time in the past 15 months. This seems like a stock that could have much more value than the market realizes, especially because it still has a black eye from the accounting allegations.Northland Securities bumped its price target for Super Micro Computer (often called Supermicro) to $70 per share, which would indicate 66% upside from Friday's close. That would be a massive gain for the stock, and any investor would love to have a performer like that in a portfolio.Continue reading
Super Micro Computer (NASDAQ: SMCI) is one of the more controversial stocks on Wall Street. After allegations of accounting missteps last year, an external committee found no wrongdoing, and the company hired a new accounting firm, which has released all the necessary financial statements to comply with Nasdaq stock exchange and Securities and Exchange Commission guidelines.
While that was a wild roller-coaster ride to take investors on, the stock is just 50% higher than when it entered 2024, despite rising more than 300% at one time in the past 15 months. This seems like a stock that could have much more value than the market realizes, especially because it still has a black eye from the accounting allegations.
Northland Securities bumped its price target for Super Micro Computer (often called Supermicro) to $70 per share, which would indicate 66% upside from Friday's close. That would be a massive gain for the stock, and any investor would love to have a performer like that in a portfolio.
