In recent stock market news, Rosenblatt Securities has reaffirmed its 'Buy' rating for Penguin Solutions (PENG, Financial), a company known for its innovative approaches in the tech industry. The reaffirmation comes from analyst Kevin Cassidy, who continues to advise investors on Penguin Solutions' promising potential.
The analyst maintains a target price of USD 27.00 for PENG, which remains unchanged from the prior target. This decision reflects confidence in the company's performance and its market strategies. Despite the unchanged price target, the 'Buy' rating suggests optimism regarding PENG's future market performance.
The reaffirmation was announced on July 3, 2025, and underscores Rosenblatt's consistent outlook on PENG. Investors are encouraged to keep an eye on Penguin Solutions as the company continues to navigate the competitive landscape of the tech industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Penguin Solutions Inc (PENG, Financial) is $32.25 with a high estimate of $35.00 and a low estimate of $27.00. The average target implies an upside of 59.65% from the current price of $20.20. More detailed estimate data can be found on the Penguin Solutions Inc (PENG) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Penguin Solutions Inc's (PENG, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Penguin Solutions Inc (PENG, Financial) in one year is $22.97, suggesting a upside of 13.71% from the current price of $20.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Penguin Solutions Inc (PENG) Summary page.
