Why Super Micro (SMCI) stock can hit $65

Core Viewpoint - Super Micro Computer (SMCI) faced significant challenges in 2024, including allegations of accounting fraud and a plummeting stock price, but has recently experienced a substantial recovery due to upcoming earnings announcements and technical analysis suggesting further growth potential [1][2][3]. Group 1: Stock Performance - Following the release of Hindenburg Research's report on August 27, SMCI stock dropped sharply, leading to concerns about potential delisting from NASDAQ [2]. - Over the last five trading days, SMCI stock has surged by 40.84%, bringing year-to-date returns to 33.84%, although it remains 63.89% below its all-time high of $118.81 reached on March 11, 2024 [3]. - A noted technical analyst predicts that SMCI stock could reach a price of $65 in the near term [4]. Group 2: Earnings Call and Reporting - The upcoming Q2 2025 earnings call on February 11 is a key driver for the recent stock surge, as it will include updates on the delayed annual report filing [5][6]. - SMCI has until February 25 to file its 10-K report with NASDAQ, with the possibility of securing a 180-day extension [6]. Group 3: Technical Analysis - A bull flag pattern has been identified, indicating potential for further upward movement in SMCI stock [7]. - The stock's recent price action suggests strong support in the $23 – $26 range, with the latest surge completing the bull flag pattern [8]. - Historical patterns indicate that after breaking out, SMCI stock typically tests the 1.5 Fibonacci extension before entering a pullback, suggesting a potential test of the $65 price point [9][10].