Wall Street Analysts See a 48.2% Upside in Penguin Solutions, Inc. (PENG): Can the Stock Really Move This High?

Penguin Solutions, Inc. (PENG) closed the last trading session at $16.91, gaining 4.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of$ 25.06 indicates a 48.2% upside potential.The average comprises eight short-term price targets ranging from a low of $18 to a high of$ 30, with a standard deviation of $3.73. While the lowest estimate indicates an increase of 6.5% from the current p ...