Movement Alert｜Penguin Solutions, Inc. Intraday Rise 8.03%, BofA Securities Initiates Coverage With Buy and $100 Price Target

Market Focus10-28

On October 28, Penguin Solutions, Inc. rose 8.03% in Regular Trading, trading at $59.45 per share, with turnover of $55.137 million.

The latest catalyst in publicly available information is BofA Securities initiating coverage with a Buy rating and a $100 price target, a level well above the current share price.

Earlier this month, the company also reported fiscal Q4 adjusted EPS of $1.00 on revenue of $566.7 million, both above consensus, and guided fiscal 2027 adjusted EPS to about $4.45 at the midpoint on revenue of roughly $2.43 billion, ahead of analyst expectations. Those results had already driven a sharp rally, while the new analyst initiation adds fresh support to the bullish narrative around AI and memory demand.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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