Market News / Story
PENG Stock Rallies To Over 2-Month High After Wall Street Hikes Price Targets On Q4 Beat, Guidance Raise
Stocktwits ·
Stocktwits reports: Penguin Solutions Inc. (PENG) shares gained on Wednesday, bucking the broader market drawdown, after multiple analysts raised their price targets following the company's better-than-expected fiscal fourth-quarter results and higher fiscal 2027 outlook. PENG shares were trading more than 16% higher at the time of writing, hitting highs last seen nearly three months ago. Rosenblatt Sees Bull Case Moving Forward In a note to investors cited by TheFly, Rosenblatt analyst…