On July 22, 2025, analyst Quinn Bolton from Needham maintained a "Buy" rating on Penguin Solutions (PENG, Financial). The firm also adjusted its price target for PENG, raising it from $27.00 to $30.00. This increase represents a percentage change of 11.11% in the price target.
The adjusted price target indicates Needham's continued positive outlook for Penguin Solutions (PENG, Financial), reaffirming its previous "Buy" rating. The changes reflect the analyst's confidence in the company's future performance within the market.
Investors in Penguin Solutions (PENG, Financial) should take note of this updated analysis from Needham, as it might impact their investment strategies. This optimistic adjustment in the price target further highlights the potential growth opportunities for PENG in the upcoming months.
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 31.23% from the current price of $24.58. 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 $23.00, suggesting a downside of 6.41% from the current price of $24.575. 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.
