Penguin Solutions (NASDAQ:PENG) Stock Price Expected to Rise, Barclays Analyst Says

Penguin Solutions (NASDAQ:PENG) had its price target hoisted by Barclays from $27.00 to $40.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential downside of 53.35% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Zacks Research upgraded shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Stifel Nicolaus boosted their price objective on shares of Penguin Solutions from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC upped their price objective on Penguin Solutions from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Penguin Solutions in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.88.

Penguin Solutions Stock Up 9.3%

Shares of NASDAQ:PENG opened at $85.74 on Thursday. The stock’s 50-day moving average price is $56.59 and its two-hundred day moving average price is $33.09. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.09. Penguin Solutions has a 12-month low of $16.04 and a 12-month high of $87.78. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 60.78 and a beta of 2.83.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.63 by $0.21. Penguin Solutions had a return on equity of 29.08% and a net margin of 6.44%.The company had revenue of $478.71 million during the quarter, compared to analysts’ expectations of $407.47 million. During the same quarter in the previous year, the business earned $0.52 EPS. On average, research analysts forecast that Penguin Solutions will post 1.79 EPS for the current year.

Insider Buying and Selling at Penguin Solutions

In related news, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $64.38, for a total value of $257,520.00. Following the completion of the sale, the senior vice president directly owned 120,794 shares in the company, valued at approximately $7,776,717.72. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Joseph Gates Clark sold 10,351 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $58.87, for a total value of $609,363.37. Following the completion of the transaction, the senior vice president directly owned 66,425 shares in the company, valued at $3,910,439.75. This trade represents a 13.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 70,574 shares of company stock valued at $3,203,822 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Penguin Solutions

Hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Penguin Solutions during the 2nd quarter valued at about $714,000. Central Pacific Bank Trust Division boosted its holdings in Penguin Solutions by 31.7% in the 2nd quarter. Central Pacific Bank Trust Division now owns 18,976 shares of the company’s stock worth $1,442,000 after acquiring an additional 4,567 shares during the period. Pacer Advisors Inc. grew its position in Penguin Solutions by 34.0% in the first quarter. Pacer Advisors Inc. now owns 261,776 shares of the company’s stock valued at $4,607,000 after acquiring an additional 66,460 shares in the last quarter. California State Teachers Retirement System grew its position in Penguin Solutions by 52.8% in the first quarter. California State Teachers Retirement System now owns 74,580 shares of the company’s stock valued at $1,313,000 after acquiring an additional 25,763 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new stake in shares of Penguin Solutions during the first quarter valued at approximately $771,000.

Penguin Solutions News Roundup

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

• Positive Sentiment: Penguin Solutions reported record fiscal Q3 2026 results, beating expectations on both earnings and revenue and lifting its full-year outlook on strong AI-driven demand. Penguin Solutions Reports Q3 Fiscal 2026 Financial Results
• Positive Sentiment: Management highlighted accelerating AI infrastructure and integrated memory growth, with the company signaling about 30% net sales and EPS growth for FY2027 in follow-up coverage of the earnings call. Penguin Solutions signals ~30% FY2027 net sales and EPS growth as it raises FY2026 EPS to ~$2.60
• Positive Sentiment: Several analysts turned more bullish after the report, including Citizens JMP raising its price target to $85 and Needham lifting its target to $80 while reiterating constructive ratings. Citizens Jmp Issues Positive Forecast for Penguin Solutions (NASDAQ:PENG) Stock Price
• Positive Sentiment: Coverage also pointed to stronger AI demand, a partnership with Nvidia, and new ClusterWareAI tools, reinforcing the view that Penguin Solutions is benefiting from the AI infrastructure boom. Penguin Solutions (PENG) Wins Nvidia AI Status And Unveils New ClusterWareAI Tools
• Neutral Sentiment: Traders also showed unusually heavy call-option activity, suggesting increased speculation that the post-earnings momentum could continue.

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.