Rosenblatt has raised its price target for Penguin Solutions ($PENG) to $75 from $65 with a Buy rating, citing momentum in Advanced Computing and Integrated Memory product lines. The company is expected to benefit from high margins by selling CXL systems built from low-cost memory inventory stockpiled before recent price increases. Analysts anticipate a "beat-and-raise" for the second half of fiscal 2026 as the valuation has recently expanded from 6.7x to 22.6x forward earnings.