Bank of America Starts Penguin Solutions Coverage With Buy Rating, $100 Target

Enna Lee

1 min read

Add as a preferred source on Google

Bank of America Starts Penguin Solutions Coverage With Buy Rating, $100 Target

The bank assigned the semiconductor company a Buy rating as Penguin shares gained 3.8% in premarket trading Friday.

By Enna Lee

Published Oct 9, 2026, 7:59 AM EDT

Semiconductor modules beside a compact AI computing chassis / TokenPost.ai

Bank of America began covering Penguin Solutions with a Buy rating and a $100 price target, putting the semiconductor company in focus for investors Friday.

Penguin Solutions sells memory products and full-stack artificial-intelligence infrastructure. Its shares rose 3.8% in premarket trading Friday after the coverage began.

The new rating places a specific price target on Penguin Solutions while highlighting its role in memory products and AI infrastructure.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.