In a report released today, Kevin Cassidy from Rosenblatt Securities maintained a Buy rating on Smart Global Holdings (SGH – Research Report), with a price target of $55.00. The company’s shares closed last Monday at $37.69, close to its 52-week high of $38.19.
According to TipRanks.com, Cassidy is a 5-star analyst with an average return of 25.0% and a 72.5% success rate. Cassidy covers the Technology sector, focusing on stocks such as Skyworks Solutions, ON Semiconductor, and Western Digital.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Smart Global Holdings with a $45.75 average price target, which is a 18.5% upside from current levels. In a report issued on December 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $45.00 price target.
The company has a one-year high of $38.19 and a one-year low of $16.42. Currently, Smart Global Holdings has an average volume of 201.2K.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is neutral on the stock.
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SMART Global Holdings, Inc. engages in the design, manufacture, and sale of specialty memory solutions and services to the electronics industry. It deals with the computer, industrial, networking, telecommunications, aerospace, and defense markets. It has a product line that includes DRAM and Flash memory technologies. The company is founded in 1988 and is headquartered in Newark, CA.