Needham & Company LLC Reiterates “Buy” Rating for Penguin Solutions (NASDAQ:PENG)

Penguin Solutions (NASDAQ:PENG)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a report released on Tuesday,Benzinga reports. They currently have a $25.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 38.58% from the stock’s previous close.

A number of other brokerages also recently commented on PENG. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Penguin Solutions in a research note on Thursday, January 22nd. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target for the company. Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a report on Tuesday. Finally, Stifel Nicolaus raised their target price on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Penguin Solutions Stock Performance

Shares of Penguin Solutions stock opened at $18.04 on Tuesday. The business’s 50 day moving average price is $20.18 and its 200 day moving average price is $22.36. The company has a market cap of $948.18 million, a price-to-earnings ratio of 78.43 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 one year low of $14.20 and a one year high of $29.80.

Penguin Solutions (NASDAQ:PENG) last issued its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $343.07 million during the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. On average, research analysts predict that Penguin Solutions will post 1.05 EPS for the current year.

Institutional Investors Weigh In On Penguin Solutions

A number of institutional investors have recently modified their holdings of PENG. Farther Finance Advisors LLC lifted its stake in Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock worth $28,000 after acquiring an additional 946 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Penguin Solutions in the 2nd quarter valued at about $37,000. Strs Ohio purchased a new stake in Penguin Solutions during the third quarter worth about $42,000. Jones Financial Companies Lllp increased its stake in Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,694 shares during the period. Finally, Allworth Financial LP boosted 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 valued at $47,000 after purchasing an additional 525 shares during the period.

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.