Penguin Solutions' (PENG) Growth Outlook Remains Intact, Rosenblatt Says [Yahoo! Finance]
Penguin Solutions, Inc. (PENG)
Company Research
Source: Yahoo! Finance
On January 7, Rosenblatt analyst Kevin Cassidy reiterated a Buy rating on the stock with a $30.00 price target. The rating affirmation PENG's better-than-expected revenue and earnings report. The firm noted that Penguin's Advanced Computing revenue is up 52% year-over-year, excluding contributions from hyperscale (Meta) and discontinued Penguin Edge products. It believes that revenue growth should accelerate as the company expands its enterprise customer base and becomes less dependent on Meta deployments. Meanwhile, Integrated Memory revenue grew 41% year-over-year, with the firm forecasting this business segment to exceed $600 million in fiscal year 2026. Penguin's LED segment has begun to soften, thereby creating a “drag” on full-year gross margin performance. However, Rosenblatt continues to see growth in Advanced Computing and Integrated Memory segments, which is the primary reason to own Penguin Solutions stock. Penguin Solutions, Inc. (NASDAQ:PENG) is a leading AI and H
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PENG
News
- Penguin Solutions SMART Modular CXL NV-CMM E3.S 2T Memory Module Achieves CXL ComplianceBusiness Wire
- Cree LED Introduces Fully Assembled L2 PCBA Solutions That Address a Wide Range of Indoor and Outdoor Lighting Use CasesBusiness Wire
- Penguin Solutions (NASDAQ:PENG) was given a new $25.00 price target on by analysts at The Goldman Sachs Group, Inc..MarketBeat
- 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
- 3 Value Stocks Walking a Fine Line [Yahoo! Finance]Yahoo! Finance
PENG
Earnings
- 1/6/26 - Beat
PENG
Sec Filings
- 10/22/25 - Form 4
- 10/22/25 - Form 4
- 10/22/25 - Form 4
- PENG's page on the SEC website