Penguin Solutions (NASDAQ:PENG) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Penguin Solutions (NASDAQ:PENG) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $30.00 target price on the stock.

Several other research firms have also commented on PENG. Weiss Ratings reissued a “hold (c-)” rating on shares of Penguin Solutions in a research report on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a report on Monday, January 12th. JMP Securities restated a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a report on Wednesday, October 8th. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Trading Down 8.0%

Shares of PENG stock opened at $18.21 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. Penguin Solutions has a fifty-two week low of $14.20 and a fifty-two week high of $29.80. The firm’s 50 day moving average price is $20.22 and its two-hundred day moving average price is $22.39. The stock has a market cap of $957.12 million, a price-to-earnings ratio of 79.17 and a beta of 2.23.

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

Hedge Funds Weigh In On Penguin Solutions

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after acquiring an additional 946 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Penguin Solutions during the second quarter valued at $37,000. Strs Ohio acquired a new stake in shares of Penguin Solutions during the third quarter worth $42,000. Jones Financial Companies Lllp lifted its position in shares of Penguin Solutions by 4,131.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares during the last quarter. Finally, Allworth Financial LP grew its position in shares of Penguin Solutions by 41.4% during the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after buying an additional 525 shares during the last quarter.

Key Stories Impacting Penguin Solutions

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Needham & Company reaffirmed a “buy” on PENG with a $25 price target (roughly +37% from recent levels), signaling analyst confidence in upside following the company’s strategic direction. Needham Buy Rating
• Positive Sentiment: Rosenblatt Securities also reaffirmed a “buy” and set a $30 target (roughly +65% from recent levels), adding another high-profile price-target uplift that could support investor optimism if execution follows. Rosenblatt Buy Rating
• Positive Sentiment: Penguin announced Kash Shaikh as its new CEO (effective Feb. 2), positioned as an AI/technology veteran — a strategic hire that market bulls say could accelerate Penguin’s AI and HPC strategy. Penguin Solutions Announces CEO Transition
• Positive Sentiment: Several bullish commentaries argue the new AI-focused leadership could materially change the stock’s upside thesis and investor expectations if management pivots successfully into higher‑growth AI workloads. The Bull Case For Penguin Solutions (PENG)
• Neutral Sentiment: Product/technology news: a release tied to Cree LED’s new OptiLamp LEDs (active intelligence per pixel) may signal broader market/partner innovations but the direct revenue impact for Penguin is unclear at this stage. Cree LED Unveils OptiLamp LEDs
• Neutral Sentiment: Wider media coverage (MarketWatch/MSN) is highlighting the CEO transition and bullish scenarios; these pieces increase visibility but don’t change fundamentals immediately. Penguin Solutions Names Kash Shaikh as New CEO
• Negative Sentiment: Near-term selling pressure appears linked to profit‑taking, elevated valuation (P/E ~79), and uncertainty that accompanies an immediate CEO transition; a volume spike versus average suggests active repositioning by traders rather than a single news catalyst.

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.