PENG shares surge after analysts raise targets on Q4 beat
Penguin Solutions (PENG) shares rose by more than 16% after better-than-expected fiscal fourth-quarter results and a higher fiscal 2027 outlook led multiple analysts to raise price targets.
Penguin Solutions Inc. (PENG) shares rose on Wednesday, outperforming the broader market decline, after several analysts lifted their price targets following the company’s better-than-expected fiscal fourth-quarter results and a higher fiscal 2027 outlook. PENG shares were trading more than 16% higher.