SMART Global Holdings (SGH) Could Report $9.50 in EPS LT, PT Raised to $65 at Jefferies

April 21, 2021 8:32 AM EDT
Get Alerts SGH Hot Sheet
Price: $46.53 +1.46%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 32
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Jefferies analyst Mark Lapacis raised the price target on SMART Global Holdings (NASDAQ: SGH) to $65.00 (from $56.00) after management set margin targets 500 bps above current levels and a rev growth target of high-single digits.

The analyst reiterated a Buy rating, stating "We think SGH P/E ratio expands as its Compute and LED segments grow and gross margins expand. With Mgmt LT growth targets and our estimates, we estimate 3-yr to 5-yr EPS power of $8.44-to-$9.49, implying an upside of 70%-to-100% above estimated NTM EPS of $4.71 through SGH's existing segments."



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