Brokerages Set Penguin Solutions, Inc. (NASDAQ:PENG) Target Price at $28.00

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $28.00.

PENG has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. The Goldman Sachs Group initiated coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Penguin Solutions in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Penguin Solutions in a research report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research note on Wednesday, January 7th.

Penguin Solutions Price Performance

PENG stock opened at $19.79 on Thursday. The company has a market capitalization of $1.04 billion, a P/E ratio of 86.04 and a beta of 2.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. Penguin Solutions has a 52-week low of $14.20 and a 52-week high of $29.80. The business has a 50-day simple moving average of $20.06 and a two-hundred day simple moving average of $22.61.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The company had revenue of $343.07 million for the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Research analysts expect that Penguin Solutions will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Penguin Solutions

A number of hedge funds have recently made changes to their positions in PENG. Dynamic Technology Lab Private Ltd bought a new position in shares of Penguin Solutions during the 2nd quarter valued at approximately $937,000. P.A.W. Capital Corp lifted its stake in Penguin Solutions by 4.4% in the second quarter. P.A.W. Capital Corp now owns 470,000 shares of the company’s stock valued at $9,311,000 after purchasing an additional 20,000 shares during the last quarter. Entropy Technologies LP bought a new position in Penguin Solutions during the second quarter valued at $370,000. CWA Asset Management Group LLC increased its position in Penguin Solutions by 115.0% in the third quarter. CWA Asset Management Group LLC now owns 173,406 shares of the company’s stock worth $4,557,000 after buying an additional 92,737 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in Penguin Solutions in the second quarter worth $2,851,000.

Penguin Solutions Company Profile

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.