PENG (NASDAQ:PENG – Free Report) had its target price trimmed by Barclays from $27.00 to $22.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.
Separately, Needham & Company LLC dropped their price target on PENG from $35.00 to $25.00 and set a “buy” rating on the stock 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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