Penguin Solutions (NASDAQ:PENG) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Penguin Solutions (NASDAQ:PENG) in a research report report published on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $25.00 price target on the stock.

A number of other equities analysts 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. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Tuesday. Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. The Goldman Sachs Group initiated coverage on Penguin Solutions in a research report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective 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 issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Penguin Solutions Stock Performance

PENG opened at $18.21 on Tuesday. The company has a market cap of $957.12 million, a PE ratio of 79.17 and a beta of 2.23. The stock has a 50-day moving average of $20.22 and a 200-day moving average of $22.39. Penguin Solutions has a 52-week low of $14.20 and a 52-week high of $29.80. 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 (NASDAQ:PENG) last issued its quarterly earnings data 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 business had revenue of $343.07 million for 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. As a group, equities research analysts forecast that Penguin Solutions will post 1.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Penguin Solutions

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Penguin Solutions by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock worth $173,253,000 after acquiring an additional 25,804 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Penguin Solutions in the third quarter valued at $60,264,000. American Century Companies Inc. lifted its position in Penguin Solutions by 35.3% in the third quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after purchasing an additional 337,564 shares during the period. Paradigm Capital Management Inc. NY lifted its position in Penguin Solutions by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock worth $22,843,000 after purchasing an additional 27,900 shares during the period. Finally, Barclays PLC boosted its stake in Penguin Solutions by 46.9% during the third quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock worth $27,730,000 after buying an additional 336,644 shares in the last quarter.

More Penguin Solutions News

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.