The latest "peng stock price" closed at $28.34, posting a 2.1% gain in Tuesday’s session amid strong trading volume. Analysts note momentum indicators like RSI are approaching overbought territory, suggesting potential short-term consolidation. Penguin Solutions, Inc. (NASDAQ:PENG) is a technology company that designs and develops enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. On January 10th, the company partnered strategically with SK Telecom and SK Hynix. The agreement paves the way for Penguin Solutions, Inc. (NASDAQ:PENG) to pursue developing and delivering comprehensive data center solutions. It also comes on the heels of SKT committing to invest $200 million to help Penguin Solutions pursue growth opportunities in the AI infrastructure market. Consequently, the company remains in a solid position to deliver AI infrastructure solutions and services efficiently. In response to the results and outlook, Goldman Sachs lifted its price target on Penguin to $25.00 from $22.50, maintaining a "Buy" rating. Similarly, JPMorgan increased its price target to $21.00, and analysts at Needham and JMP Securities reiterated their "Buy" and "Market Outperform" ratings, respectively. On Wednesday, "peng stock price" touched $29.12 intraday before settling at $28.