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

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28918
Published: 2026-10-09T11:59:42.000Z
Updated: 2026-10-09T11:59:42.000Z
Section: Investing

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

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.