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 research report issued to clients and investors 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 target would indicate a potential upside of 39.53% from the stock’s current price.

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

PENG Price Performance

NASDAQ PENG opened at $15.05 on Friday. PENG has a twelve month low of $13.37 and a twelve month high of $29.81. The company has a quick ratio of 2.19, a current ratio of 2.65 and a debt-to-equity ratio of 1.65. The stock has a market cap of $802.01 million, a P/E ratio of -15.05 and a beta of 1.67.

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.