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  "docSlug": "81a891429a42",
  "documentTitle": "Super Micro Computer, Inc. (SMCI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-01-10 00:00:00",
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  "pageNumber": 33,
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  "notes": "The slide uses a table and a pie chart to visualize analyst polarization, with a callout box framing the bearish thesis.",
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      "kind": "callout",
      "text": "Analysts are polarized when it comes to SMCI's share price outlook. However, we don't believe any have properly assessed the risks from having a large portion of its current business tied to Facebook, which is under cost-cutting pressures and reportedly already reducing spending on datacenters. Furthermore, we believe the bullish analysts put undue reliance, and give premature credit to, SMCI's bold revenue claims despite its SEC-charged history with aggressive revenue tactics. At least two analysts see immediate downside to approximately $64 per share.",
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      "text": "Analysts are polarized when it comes to SMCI's share price outlook. However, we don't believe any have properly assessed the risks from having a large portion of its current business tied to Facebook, which is under cost-cutting pressures and reportedly already reducing spending on datacenters.",
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      "text": "Recommendation Mix pie chart showing 60% Buy and 40% Neutral.",
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      "text": "Price Target: $97.60",
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      "text": "Source: Bloomberg. Based on closing price of $84.77 per share",
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