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Benzinga
Benzinga
Business
Anusuya Lahiri

Rosenblatt Sees 200% Upside In SMART Global, Coming From Data Center Demand For Specialty Memory

Rosenblatt analyst Kevin Cassidy expected SMART Global Holdings, Inc (NASDAQ: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. 

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