Stifel Maintains Buy on Penguin Solutions, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brian Chin maintains a Buy rating on Penguin Solutions (NASDAQ:PENG) but lowers the price target from $32 to $27.
October 16, 2024 | 2:10 pm
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Stifel analyst Brian Chin maintains a Buy rating on Penguin Solutions but lowers the price target from $32 to $27, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the stock's potential, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100