Group 1 - Penguin Solutions, Inc. (NASDAQ:PENG) is a small-cap tech stock that hedge funds were purchasing in Q2 2025 [1] - Rosenblatt Securities reiterated its Buy rating on Penguin Solutions and adjusted its 12-month price target from $27 to $36 on October 1, 2025, but later revised it downward to $30 on October 8 [1][2] - The valuation update by Rosenblatt reflects changing expectations regarding memory pricing trends and hardware order timing from major clients like Meta Platforms [1] Group 2 - The analyst sees strong demand for memory and believes Penguin's position in enterprise AI infrastructure will serve as a long-term growth driver [2] - On October 14, Rosenblatt reaffirmed its Buy rating with the revised price target of $30 [2] - Penguin Solutions is a California-based technology company that provides high-performance computing and AI infrastructure solutions across various sectors including enterprise, cloud, and government [3]
Penguin Solutions Target Trimmed to $30 by Rosenblatt, Long-Term AI Outlook Still Intact