Penguin Solutions (PENG) Poised for Growth on Favorable Memory Market Trends

Penguin Solutions, Inc. (NASDAQ:PENG) is one of the AI Stocks Shaping Wall Street’s Next Big Rally. On October 6, Stifel analyst Brian Chin raised the firm’s price target on the stock to $31 from $27 and kept a “Buy” rating on the shares. The firm remains constructive on the stock amid favorable conditions in the memory market. According to the firm, fiscal Q4 results are anticipated to modestly exceed consensus estimates when the company reports earnings on Tuesday. Not only are memory market conditions ...