Top Wall Street Forecasters Revamp SMART Global Expectations Ahead Of Q3 Earnings

SMART Global Holdings, Inc. SGH is scheduled to release its third quarter financial results, after the closing bell on Tuesday, July 9.

Analysts expect the Milpitas, California-based company to report quarterly earnings at 30 per share, down from 66 cents per share in the year-ago period. SMART Global is expected to post revenue of $300 million, according to data from Benzinga Pro.

On June 26, SMART Global Holdings named Nate Olmstead as SVP and CFO.

SMART Global shares gained 0.7% to close at $23.10 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Stifel analyst Brian Chin maintained a Buy rating with a price target of $27.5 on July 3. This analyst has an accuracy rate of 85%.
• Rosenblatt analyst Kevin Cassidy maintained a Buy rating with a price target of $35 on July 3. This analyst has an accuracy rate of 75%.
• Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $27 on May 7. This analyst has an accuracy rate of 82%.
• Deutsche Bank analyst Sidney Ho maintained a Buy rating and raised the price target from $20 to $28 on June 14, 2023. This analyst has an accuracy rate of 85%.
• Needham analyst Rajvindra Gill maintained a Buy rating and boosted the price target from $25 to $32 on June 13, 2023. This analyst has an accuracy rate of 76%.

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