A number of research firms have changed their ratings and price targets for Smart Global Holdings (NYSE: SGH):

  • 10/11/2017 – Smart Global Holdings had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They wrote, “Yesterday we hosted Jack Pacheco, CFO, and Suzanne Schmidt, Head of Investor Relations, of Smart Global Holdings on a series of investor meetings in Boston. While SGH, a global provider of specialty memory as well as DRAM and mobile memory in Brazil, has run up ~47% following a beat and raise quarter last month we continue to see upside as the company is capitalizing on a trifecta of tailwinds: 1) unit grow in a globally strong memory market 2) Mobile ASP expansion from ~$20 today as densities increase and 3) a favorable regulatory environment in Brazilian mobile market (local content rulings to increase from 50% -> 60% in F2H18, and potentially 80%).””
  • 10/11/2017 – Smart Global Holdings had its price target raised by analysts at Needham & Company LLC from $33.00 to $40.00. They now have a “strong-buy” rating on the stock.
  • 10/11/2017 – Smart Global Holdings had its price target raised by analysts at Roth Capital from $30.00 to $42.00. They now have a “buy” rating on the stock.
  • 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.

Shares of Smart Global Holdings Inc (NYSE SGH) opened at 31.48 on Wednesday. The stock’s 50 day moving average price is $26.87 and its 200-day moving average price is $20.13. Smart Global Holdings Inc has a 12 month low of $11.50 and a 12 month high of $38.24. The company’s market cap is $685.51 million.

Smart Global Holdings (NYSE:SGH) last announced its earnings results on Thursday, September 28th. The company reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.15. Smart Global Holdings had a return on equity of 132.75% and a net margin of 3.84%. The firm had revenue of $223.00 million for the quarter, compared to the consensus estimate of $210.54 million. The firm’s revenue for the quarter was up 52.5% on a year-over-year basis. Equities research analysts expect that Smart Global Holdings Inc will post $3.21 earnings per share for the current 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.

Receive News & Ratings for Smart Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart Global Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.