As previously reported, Argus analyst Jim Kelleher upgraded Super Micro (SMCI) to Buy from Hold with a $64 price target The company’s missteps on revenue delivery and margin shortfalls are fully reflected in share prices, while the potential for strong forward momentum is being overlooked, the analyst tells investors in a research note. The stock is now also compliant with Nasdaq filing requirements and has moved beyond regulatory concerns, the firm added.
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