Penguin Solutions, Inc. (NASDAQ:PENG) Receives $28.00 Average Target Price from Analysts

Shares of Penguin Solutions, Inc. (NASDAQ:PENG) have earned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.00.

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research note on Tuesday, October 14th. JMP Securities reissued a “market outperform” rating and set a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, October 8th. Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Finally, Zacks Research lowered shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Penguin Solutions by 41.4% in the third quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock worth $47,000 after acquiring an additional 525 shares during the period. Osaic Holdings Inc. raised its holdings in Penguin Solutions by 20.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after purchasing an additional 617 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Penguin Solutions by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,545 shares of the company’s stock worth $268,000 after purchasing an additional 792 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Penguin Solutions by 3.6% in the 2nd quarter. Inspire Investing LLC now owns 24,293 shares of the company’s stock worth $481,000 after purchasing an additional 835 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Penguin Solutions by 4.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 25,912 shares of the company’s stock valued at $681,000 after purchasing an additional 999 shares during the last quarter.

Penguin Solutions Price Performance

PENG stock opened at $20.03 on Friday. The company’s 50-day moving average price is $20.63 and its two-hundred day moving average price is $22.69. The firm has a market cap of $1.05 billion, a P/E ratio of 69.07 and a beta of 2.26. The company has a quick ratio of 1.71, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. Penguin Solutions has a 12 month low of $14.20 and a 12 month high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, October 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Penguin Solutions had a net margin of 1.82% and a return on equity of 14.45%. The business had revenue of $337.92 million for the quarter, compared to analyst estimates of $342.11 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. On average, analysts anticipate that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

About Penguin Solutions

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.