Analysts at Deutsche Bank Didn’t Change their Past ‘Buy’ rating on Shares SMART Global Holdings (SGH), Set a $60 TP

June 12, 2018 - By Dolores Ford

SMART Global Holdings (SGH) Rating Reaffirmed

Recently, In a report sent to investors on 12 June, SMART Global Holdings (SGH) shares have had their Buy Rating reiterated by research analysts at Deutsche Bank, who currently has a $60 target price on company. This target by Deutsche Bank indicates the possibile upside of 35.16 % from the last stock price.

SMART Global Holdings, Inc. (NASDAQ:SGH) Ratings Coverage

Among 5 analysts covering Smart Global Holdings Inc (SGH), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Smart Global Holdings Inc has $7000 highest and $46.0 lowest target. $56.40’s average target is 27.06% above currents $44.3902 stock price. Smart Global Holdings Inc had 8 analyst reports since December 22, 2017 according to SRatingsIntel. As per Thursday, March 15, the company rating was maintained by Roth Capital. The stock of SMART Global Holdings, Inc. (NASDAQ:SGH) earned “Buy” rating by Stifel Nicolaus on Friday, December 22. The firm earned “Buy” rating on Thursday, March 22 by Jefferies. The company was maintained on Friday, December 22 by Roth Capital. The rating was maintained by Roth Capital with “Buy” on Thursday, March 22. Barclays Capital maintained the stock with “Overweight” rating in Friday, March 23 report. Stifel Nicolaus maintained SMART Global Holdings, Inc. (NASDAQ:SGH) rating on Friday, March 23. Stifel Nicolaus has “Buy” rating and $56 target. Needham maintained it with “Buy” rating and $46.0 target in Thursday, January 18 report.

The stock increased 2.49% or $1.0802 during the last trading session, reaching $44.3902. About 515,264 shares traded. SMART Global Holdings, Inc. (SGH) has risen 237.11% since June 12, 2017 and is uptrending. It has outperformed by 224.54% the S&P500.

Analysts await SMART Global Holdings, Inc. (NASDAQ:SGH) to report earnings on June, 28. They expect $1.70 EPS, up 214.81 % or $1.16 from last year’s $0.54 per share. SGH’s profit will be $37.58M for 6.53 P/E if the $1.70 EPS becomes a reality. After $1.67 actual EPS reported by SMART Global Holdings, Inc. for the previous quarter, Wall Street now forecasts 1.80 % EPS growth.

SMART Global Holdings, Inc. designs, makes, and supplies specialty memory solutions worldwide. The company has market cap of $981.29 million. It offers DRAM modules for desktops, notebooks, and servers, as well as DRAM integrated circuits for SmartTVs; mobile DRAM and flash products for mobile devices; and specialty DRAM modules, and embedded and removable NAND flash products. It has a 16.19 P/E ratio. The firm also offers supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.

More notable recent SMART Global Holdings, Inc. (NASDAQ:SGH) news were published by: Nasdaq.com which released: “Detailed Research: Economic Perspectives on ExlService, Reading International, SMART Global, Silvercorp Metals …” on June 05, 2018, also Streetinsider.com with their article: “SMART Global Holdings (SGH) PT Raised to $60 at Deutsche Bank” published on June 12, 2018, Globenewswire.com published: “SMART Global Holdings Announces Acquisition of Penguin Computing” on June 11, 2018. More interesting news about SMART Global Holdings, Inc. (NASDAQ:SGH) were released by: Seekingalpha.com and their article: “Cascend Research: NAND flattish in April, heading for Q4 recovery” published on June 11, 2018 as well as Seekingalpha.com‘s news article titled: “Knock Your SOX Off” with publication date: June 05, 2018.

SMART Global Holdings, Inc. (NASDAQ:SGH) Ratings Chart

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