Roth Capital Sticks to Its Buy Rating for Smart Global Holdings Inc (SGH)


Roth Capital analyst Sujeeva De Silva reiterated a Buy rating on Smart Global Holdings Inc (NASDAQ: SGH) on October 5 and set a price target of $60. The company’s shares closed on Friday at $34.15.

According to TipRanks.com, Silva is a 5-star analyst with an average return of 16.3% and a 59.7% success rate. Silva covers the Consumer Goods sector, focusing on stocks such as Quantenna Communications, Integrated Device Tech, and Himax Technologies.

Currently, the analyst consensus on Smart Global Holdings Inc is a Moderate Buy with an average price target of $67.50, a 97.7% upside from current levels. In a report issued on October 5, Needham also maintained a Buy rating on the stock with a $75 price target.

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The company has a one-year high of $56.69 and a one-year low of $26.50. Currently, Smart Global Holdings Inc has an average volume of 603.7K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SMART Global Holdings, Inc. is a designer, manufacturer and supplier of electronic subsystems to OEMs. It is engaged in 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.

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