Rosenblatt Sees 200 percent Upside in SMART Global, Coming From Data Center Demand for Specialty Memory

Rosenblatt Sees 200 percent Upside in SMART Global, Coming From Data Center Demand for Specialty Memory
Stock chart. Pexels/Pixabay
Benzinga
Updated:

Rosenblatt analyst Kevin Cassidy expected SMART Global Holdings Inc. (SGH) to deliver a slight beat-n-raise to consensus 3QF22 and 4QF22 outlook. Cassidy maintained his Buy recommendation and $60 price target.

Cassidy saw upside coming from data center demand for Specialty Memory. The demand for SGH’s Penguin Solutions AI/HPC systems has remained robust. However, supply chain constraints likely limited shipments.