Goldman Sachs Assumes Penguin Solutions (PENG) Coverage with Buy Rating, $25 PT [Yahoo! Finance]
Penguin Solutions, Inc. (PENG)
Company Research
Source: Yahoo! Finance
Penguin Solutions with a Buy rating and a revised price target of $25, which was brought down from $26. While acknowledging that the company's FY2026 outlook appears noisy, the firm remains encouraged by the momentum of Penguin's AI infrastructure within its core customer base. In FQ1 2026, Penguin Solutions reported a revenue of $343 million, which was a 1% year-over-year increase achieved despite the absence of hyperscale hardware revenue. Growth was led by the Integrated Memory business, which surged 41% annually to $137 million due to the transition to DDR5 technology and AI computing demand, while Advanced Computing revenue rose 9% sequentially to $151 million. Despite these gains, the company faced a 18% sequential decline in its Optimized LED business due to weak demand in China and large US OEM sectors. Management also highlighted challenges regarding the wind-down of the high-margin Penguin Edge business, which is expected to cease by the end of fiscal 2026, and a 9% decl
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PENG
News
- Penguin Solutions (NASDAQ:PENG) had its "buy" rating reaffirmed by analysts at Needham & Company LLC. They now have a $25.00 price target on the stock.MarketBeat
- Penguin Solutions (NASDAQ:PENG) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities. They now have a $30.00 price target on the stock.MarketBeat
- Cree LED Unveils OptiLamp LEDs With Active Intelligence in Every PixelBusiness Wire
- Penguin Solutions Announces CEO TransitionBusiness Wire
- Cree LED and Blizzard Lighting Enter Settlement and Limited License AgreementBusiness Wire
PENG
Earnings
- 1/6/26 - Beat
PENG
Sec Filings
- 1/21/26 - Form 4
- 1/21/26 - Form 4
- 1/21/26 - Form 4
- PENG's page on the SEC website