In a recent update, Needham analyst Quinn Bolton has reiterated a "Buy" rating for Penguin Solutions (PENG, Financial). The investment firm has maintained its previous price target, setting it at $27.00 USD. This rating and price target were reaffirmed on July 9, 2025. It indicates that Needham continues to see potential in (PENG) at its current valuation.
According to the report, the price target remains unchanged from prior estimates, a clear indication of the analyst's confidence in Penguin Solutions' financial outlook. The company's stock is traded on the NASDAQ exchange. With this affirmation, investors could expect continued interest in (PENG, Financial) from market participants who are aligned with Needham's outlook.
Investors should note that the reiteration of the "Buy" rating and maintained price target reflects Needham's ongoing belief in the company’s growth prospects. The consistent valuation underscores the analyst’s confidence in Penguins Solutions' business strategy and market positioning.
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 52.19% from the current price of $21.19. 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 8.4% from the current price of $21.19. 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.
