Stock Price Prediction

Loop Capital last night initiated coverage of Penguin Solutions with a Buy rating and $30 price target. The firm believes Penguin is an "on-the-come" generative artificial intelligence related company "with teeth in important areas of critical next generation technology." It sees the company as having multiple catalysts over the next 12-24 months, both fundamental and a "special situation" via SK Telecom, that make the story "very intriguing."