PENG (NASDAQ:PENG – Get Free Report) had its price target lowered by stock analysts at Barclays from $27.00 to $22.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 38.89% from the stock’s current price.
Separately, Needham & Company LLC reduced their target price on PENG from $35.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday.
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About PENG
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.
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