Jefferies (NYSE:JEF) analyst Mark Lipacis reiterated a Buy rating on Smart Global Holdings (NASDAQ:SGH) on Wednesday, setting a price target of $72, which is approximately 64.35% above the present share price of $43.81.
Lipacis expects Smart Global Holdings to post earnings per share (EPS) of -$0.30 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Smart Global Holdings, with an average price target of $75.5.
The analysts price targets range from a high of $85 to a low of $70.
In its latest earnings report, released on 05/31/2021, the company reported a quarterly revenue of $437.73 million and a net profit of $19.29 million. The company's market cap is $1.06 billion.
According to TipRanks.com, Jefferies analyst Mark Lipacis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.4% and a 76.74% success rate.
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.