Super Micro Computer (NASDAQ:SMCI) Drops amid Short-Seller Report
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Super Micro Computer (SMCI) experienced a stock decline following Hindenburg Research's allegations of "accounting manipulation" and other issues. The report claims undisclosed related party transactions and past violations of U.S. export bans, noting an increase in exports to Russia. Super Micro, which settled with the SEC for accounting violations in 2020, faces scrutiny over its business practices and heightened competition. Despite these challenges, analysts maintain a Moderate Buy consensus, projecting a 76.61% upside potential based on an average price target of $34.50 per share.
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