Several analysts have recently updated their ratings and price targets for Smart Global Holdings (NYSE: SGH):

  • 10/5/2017 – Smart Global Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $34.00 price target on the stock. According to Zacks, “Smart Global Holdings Inc. is a designer, manufacturer and supplier of electronic subsystems to OEMs. It engaged in the computer, industrial, networking, telecommunications, aerospace and defense markets. The company operates primarily in the U.S., Europe, Asia and Latin America. Smart Global Holdings Inc. is headquartered in Newark, California. “
  • 10/2/2017 – Smart Global Holdings had its price target raised by analysts at Needham & Company LLC from $23.00 to $33.00. They now have a “buy” rating on the stock.
  • 10/2/2017 – Smart Global Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.50 price target on the stock, up previously from $23.00.
  • 10/2/2017 – Smart Global Holdings had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $28.00 price target on the stock, up previously from $25.00.
  • 9/29/2017 – Smart Global Holdings had its price target raised by analysts at Barclays PLC from $19.00 to $28.00. They now have a “positive” rating on the stock.
  • 9/29/2017 – Smart Global Holdings had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $33.00 price target on the stock, up previously from $23.00.
  • 9/28/2017 – Smart Global Holdings had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $32.00 price target on the stock, up previously from $27.00.
  • 9/14/2017 – Smart Global Holdings had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $25.00 price target on the stock, up previously from $20.00.
  • 9/8/2017 – Smart Global Holdings had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $30.00 price target on the stock, up previously from $24.00.
  • 8/22/2017 – Smart Global Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Smart Global Holdings Inc. is a designer, manufacturer and supplier of electronic subsystems to OEMs. It engaged in the computer, industrial, networking, telecommunications, aerospace and defense markets. The company operates primarily in the U.S., Europe, Asia and Latin America. Smart Global Holdings Inc. is headquartered in Newark, California. “

Shares of Smart Global Holdings Inc (NYSE:SGH) opened at 33.11 on Wednesday. The company has a 50-day moving average of $23.27 and a 200-day moving average of $18.75. The firm’s market capitalization is $709.68 million. Smart Global Holdings Inc has a 52 week low of $11.50 and a 52 week high of $33.62.

Smart Global Holdings (NYSE:SGH) last issued its quarterly earnings results on Thursday, September 28th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.64 by $0.15. Smart Global Holdings had a net margin of 3.84% and a return on equity of 132.75%. The firm had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $210.54 million. Smart Global Holdings’s revenue for the quarter was up 52.5% on a year-over-year basis. On average, equities analysts forecast that Smart Global Holdings Inc will post $3.12 earnings per share for the current fiscal year.

Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.

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