Rosenblatt raised the firm’s price target on Penguin Solutions (PENG) to $36 from $27 and keeps a Buy rating on the shares. Supported by stronger-than-anticipated memory demand and pricing, the firm expects Penguin to deliver a “modest beat” relative to consensus and its FY25 guidance, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PENG: