PENG (NASDAQ:PENG) Price Target Cut to $27.00 by Analysts at Stifel Nicolaus

PENG (NASDAQ:PENG) had its price target cut by Stifel Nicolaus from $32.00 to $27.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on PENG. 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 target price on shares of PENG from $35.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday.

PENG Stock Down 2.8 %

Shares of PENG stock opened at $15.69 on Wednesday. PENG has a 12 month low of $13.14 and a 12 month 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.