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: $46.84 +1.10%

Rating Summary:
    6 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co