Analysts had a mixed take on SMART Global Holdings Inc post Q2 results. Needham analyst Ravindra Gill raised the price target to $45 (89 percent upside) with a Buy rating following the seventh consecutive beat raise quarter. SGH remains the firm’s Top Pick for 2022. SGH’s commercial and government customers have already designed and contracted the HPC/ML systems. Memory thrived in the quarter, driven by upgrade cycles and strong demand in core DDR3, DDR4, and Flash products for the networking, telecom, and storage end markets. SGH has done an excellent job focusing on LED sales in high-growth markets such as video, architectural, and landscaping specialty lighting markets. Barclays analyst Tom O’Malley lowered the price target to $30 from $35 (26 percent upside) and kept an Overweight rating. While SGH shares have been hit hardest in the group this year, he does not see anything fundamentally worsening in the business. O’Malley noted the company’s diversification efforts …