SMART Global Likely To Report Lower Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

SMART Global Holdings, Inc. SGH is expected to report its second quarter fiscal year 2023 earnings after the closing bell on April 4, 2023.

Analysts expect the company to post quarterly earnings at $0.60 per share, down from year-ago earnings of $0.87 per share. The company’s revenue might come in at $434.93 million.

SMART Global shares fell 2.6% to close at $16.79 on Monday, but added 1.3% in the after-hours trading session.

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.

• Rosenblatt analyst Kevin Cassidy reiterated a Buy rating on the stock with a price target of $35 on Feb. 13, 2023. This analyst sees around 108% upside in the company’s stock and has an accuracy rate of 76%.
• Needham analyst Rajvindra Gill maintained a Buy rating and raised the price target from $23 to $25 on Jan. 4, 2023. This analyst sees around 49% upside in the company’s stock and has an accuracy rate of 81%.
• Deutsche Bank analyst Sidney Ho maintained a Buy rating and slashed the price target from $24 to $20 on Jan. 4, 2023. This analyst sees around 19% upside in the company’s stock and has an accuracy rate of 82%.
• Stifel analyst Brian Chin maintained a Buy rating and cut the price target from $45 to $32 on June 30, 2022. This analyst sees around 91% upside in the company’s stock and has an accuracy rate of 67%.

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