Needham & Company LLC Cuts PENG (NASDAQ:PENG) Price Target to $25.00

PENG (NASDAQ:PENG) had its price objective cut by Needham & Company LLC from $35.00 to $25.00 in a report released on Wednesday morning, Marketbeat reports. They currently have a buy rating on the stock.

PENG Price Performance

Shares of NASDAQ:PENG opened at $15.69 on Wednesday. PENG has a one year low of $13.14 and a one year high of $29.81.

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.