Penguin Solutions price target raised to $100 from $80 at Rosenblatt

Rosenblatt analyst Sajal Dogra raised the firm’s price target on Penguin Solutions (PENG) to $100 from $80 and keeps a Buy rating on the shares. The firm expected a beat-and-raise quarter from Penguin, but says “they did more than that, pulling our bull case forward by a full year.”

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