SMART Global Portfolios found using the ticker (GHS) now have 6 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 45 and 22 with an average TP of 33.83. Given that the stock’s previous close was at 19.98, this now indicates that there is 69.3% upside potential. The 50-day moving average is 20.1 and the 200-day moving average is 25.62. The market cap of the company is $980 million. Company website: https://www.smartm.com
The potential market capitalization would be $1,659 million based on market consensus.
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SMART Global Holdings designs and manufactures specialized solutions for the computing, memory and LED markets in the United States, Brazil, China, Europe and internationally. It operates through Memory Solutions, Intelligent Platforms Solutions and LED Solutions segments. The company offers dynamic random access memory modules for desktops, laptops, servers and smartphones; embedded and removable flash memory products; and flash component products. It also provides supply chain services, including sourcing, logistics, inventory management, temporary warehousing, scheduling, kitting and packaging. Additionally, the company offers Penguin Computing solutions to customers in the financial services, energy, government, social media and education end markets; Penguin Edge solutions for government, telecom, healthcare, smart city, network edge, and industrial applications; and hardware and software products, including solutions based on the Open Compute Project. Additionally, it provides servers, software, integrated turnkey clusters, enterprise-grade storage, and networking in hardware or cloud-based solutions through Penguin-On-Demand; Open Compute Tundra Extreme Scale products; turnkey storage solutions; and rack-mounted servers and GPU-accelerated computing platforms. Additionally, the company’s LED solutions offer LEDs optimized for lighting, video displays and specialty lighting applications under the CreeLED brand. It sells its products directly to original equipment manufacturers, businesses, governments and other end customers through a direct sales force, e-commerce, customer service representatives, engineers on-site application, independent sales representatives, distributors, integrators and resellers. The company was formerly known as Saleen Holdings and changed its name to SMART Global Holdings in August 2014. SMART Global Holdings was founded in 1988 and is headquartered in Newark, California.