These Analysts Revise Price Targets On SMART Global Holdings Following Upbeat Q1 Results

SMART Global Holdings, Inc. SGH reported better-than-expected Q1 results after the closing bell on Tuesday.

SMART Global posted adjusted earnings of $0.79 per share, beating analysts’ estimates of $0.57 per share. The company’s quarterly sales came in at $465.00 million versus expectations of $447.70 million.

SMART Global shares gained 5.8% to trade at $15.99 on Wednesday.

These analysts made changes to their price targets on SMART Global following the release of results.

• Barclays boosted the price target on SMART Global from $15 to $20. Barclays analyst Tom O'Malley maintained an Overweight rating on the stock.
• Deutsche Bank cut the price target from $24 to $20. Deutsche Bank analyst Sidney Ho maintained the stock with a Buy rating.
• Needham increased the price target on the stock from $23 to $25. Needham analyst Rajvindra Gill maintained the stock with a Buy.