Analysts at Needham & Company assumed coverage on shares of Silicon Graphics International Corp (NASDAQ:SGI) in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm set a “buy” rating and a $22.00 price target on the stock. Needham & Company’s price objective would suggest a potential upside of 32.77% from the stock’s previous close.
Shares of Silicon Graphics International Corp (NASDAQ: SGI) opened at 16.57 on Thursday. Silicon Graphics International Corp has a one year low of $5.93 and a one year high of $16.68. The stock’s 50-day moving average is currently $14.49. The company’s market cap is $560.4 million.
Separately, analysts at Sterne Agee cut their price target on shares of Silicon Graphics International Corp from $20.00 to $18.00 in a research note to investors on Thursday, May 2nd. They now have a “buy” rating on the stock.
Silicon Graphics International Corp., formerly Rackable Systems Inc, is a provider of clustered computing and storage, high-performance compute and storage, and data center technologies integrated with a choice of software, customer support services and professional services.