The Goldman Sachs Group Begins Coverage on PENG (NASDAQ:PENG)

Analysts at The Goldman Sachs Group initiated coverage on shares of PENG (NASDAQ:PENG) in a report issued on Friday, Briefing.com reports. The firm set a “buy” rating and a $21.00 price target on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 39.53% from the company’s current price.

Other research analysts have also issued reports about the company. Stifel Nicolaus decreased their price objective on PENG from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Barclays decreased their price objective on PENG from $27.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Needham & Company LLC decreased their price objective on PENG from $35.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

PENG Stock Performance

NASDAQ PENG opened at $15.05 on Friday. The company has a market cap of $802.01 million, a P/E ratio of -15.05 and a beta of 1.67. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.19 and a current ratio of 2.65. PENG has a one year low of $13.37 and a one year 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.