SMART Global Holdings, Inc. (NASDAQ:SGH) had its target price lifted by research analysts at Deutsche Bank AG from $35.00 to $38.00 in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 32.40% from the company’s current price.

SGH has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on SMART Global Holdings from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup Inc. boosted their price target on SMART Global Holdings to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. They noted that the move was a valuation call. Barclays PLC boosted their price target on SMART Global Holdings from $19.00 to $28.00 and gave the stock a “positive” rating in a report on Friday, September 29th. Jefferies Group LLC reissued a “buy” rating and issued a $28.50 price target (up from $23.00) on shares of SMART Global Holdings in a report on Monday, October 2nd. Finally, Needham & Company LLC boosted their price target on SMART Global Holdings from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $35.69.

Shares of SMART Global Holdings (NASDAQ SGH) traded down $0.28 during trading hours on Thursday, reaching $28.70. The company’s stock had a trading volume of 213,200 shares, compared to its average volume of 214,044. SMART Global Holdings has a fifty-two week low of $11.50 and a fifty-two week high of $38.24. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.92 and a current ratio of 1.45.

SMART Global Holdings (NASDAQ:SGH) last posted its quarterly earnings data on Thursday, September 28th. The company reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.15. The company had revenue of $223.00 million for the quarter, compared to analysts’ expectations of $210.54 million. The firm’s quarterly revenue was up 52.5% on a year-over-year basis. equities analysts anticipate that SMART Global Holdings will post 3.02 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SGH. SG Americas Securities LLC purchased a new position in SMART Global Holdings during the 3rd quarter valued at $103,000. Legal & General Group Plc purchased a new position in SMART Global Holdings during the 3rd quarter valued at $133,000. Strs Ohio purchased a new position in SMART Global Holdings during the 3rd quarter valued at $158,000. Macquarie Group Ltd. purchased a new position in SMART Global Holdings during the 3rd quarter valued at $166,000. Finally, Stifel Financial Corp purchased a new position in SMART Global Holdings during the 2nd quarter valued at $169,000. 28.74% of the stock is currently owned by hedge funds and other institutional investors.

SMART Global Holdings Company Profile

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.

Analyst Recommendations for SMART Global Holdings (NASDAQ:SGH)

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