Benzinga
  • 2 days ago
Super Micro Computer's stock surged 144% over three weeks, but caution emerged after an internal investigation. Although a Special Committee found no evidence of misconduct. Concerns remain over internal control lapses. SMCI faces an audit by BDO and overdue NASDAQ filings. Failure risks delisting. Wall Street analysts maintain a cautious stance on SMCI with a Hold consensus rating. The stock's average price target suggests a possible decline in value.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Super microcomputer stock surged 144% over three weeks,
00:06but caution emerged after an internal investigation.
00:09Although a special committee found no evidence of misconduct,
00:12concerns remain over international control lapses.
00:16SMCI faces an audit by BDO and overdue NASDAQ filings.
00:20Failure risks delisting.
00:22Wall Street analysts maintain a cautious stance on SMCI with a hold consensus rating.
00:27The stock's average price target suggests a possible decline in value.
00:31For all things money, visit Benzinga.com slash GSTV.

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