PENG (NASDAQ:PENG) Price Target Cut to $27.00

PENG (NASDAQ:PENG) had its price objective dropped by equities researchers at Stifel Nicolaus from $32.00 to $27.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 70.45% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Barclays lowered their price target on shares of PENG from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday. Needham & Company LLC lowered their price target on PENG from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday.

PENG Stock Up 1.4 %

Shares of NASDAQ:PENG opened at $15.84 on Wednesday. PENG has a one year low of $13.14 and a one year high of $29.81.

PENG Company Profile

SMART Global Holdings, Inc, a memory-focused company, engages in the designing and development of enterprise solutions in the United States, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platform Solutions, and LED Solutions segments. The company offers dynamic random access memory modules, solid-state and flash storage, and other advanced memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.