Penguin Solutions, Inc.

PENGNASDAQTechnologyInformation Technology Services

$53.41- (-)1Y +138.89%

As of Oct 23, 2026 close

Market cap: $3.42B
P/E (TTM): 35.32
Forward P/E: -
Dividend yield: -
52-week range: $16.04$89.86
Volume (live): -
Avg. volume (3M): 4.00M

Penguin Solutions, Inc. (PENG) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for Penguin Solutions, Inc. stock.

Analyst Consensus Rating

Investment consensus from 8 professional research analysts

Consensus Rating

Buy

Based on 8 unique analysts

(11 total ratings in last 90 days)

Medium Confidence7.0:1 Buy/Sell

Average Price Target

$85.83

+60.70% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest PENG Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 22, 2026	Jeremy Mullin	Zacks Equity Research	Initiates Coverage	Buy	-
Oct 14, 2026	Katherine Murphy	Goldman Sachs	Maintains	Buy	$85.00
Oct 12, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Buy	-
Oct 9, 2026	Wamsi Mohan	BofA Securities	Initiates	Buy	$100.00
Oct 7, 2026	Brian Chin	Stifel Nicolaus	Maintains	Buy	$75.00 → $85.00 +10.00 (+13.3%)
Oct 7, 2026	Katherine Murphy	Goldman Sachs	Reiterates	Buy	$75.00 → $85.00 +10.00 (+13.3%)
Oct 7, 2026	Thomas O'Malley	Barclays	Maintains	Sell	$40.00 → $60.00 +20.00 (+50.0%)
Oct 7, 2026	Matthew Calitri	Needham	Maintains	Buy	$75.00 → $85.00 +10.00 (+13.3%)
Oct 7, 2026	Sajal Dogra	Rosenblatt	Maintains	Buy	$80.00 → $100.00 +20.00 (+25.0%)
Oct 6, 2026	Katherine Murphy	Goldman Sachs	Reiterates	Buy	$75.00 → $85.00 +10.00 (+13.3%)
Oct 2, 2026	Sajal Dogra	Rosenblatt	Reiterates	Buy	$80.00

Jeremy Mullin

Zacks Equity Research

BuyInitiates Coverage

Oct 22

Katherine Murphy

Goldman Sachs

BuyMaintains

$85.00

Oct 14

Zacks Equity Research

BuyInitiates Coverage

Oct 12

Wamsi Mohan

BofA Securities

BuyInitiates

$100.00

Oct 9

Brian Chin

Stifel Nicolaus

BuyMaintains

$75.00 → $85.00

Oct 7

Katherine Murphy

Goldman Sachs

BuyReiterates

$75.00 → $85.00

Oct 7

Thomas O'Malley

Barclays

SellMaintains

$40.00 → $60.00

Oct 7

Matthew Calitri

Needham

BuyMaintains

$75.00 → $85.00

Oct 7

Sajal Dogra

Rosenblatt

BuyMaintains

$80.00 → $100.00

Oct 7

Katherine Murphy

Goldman Sachs

BuyReiterates

$75.00 → $85.00

Oct 6

Sajal Dogra

Rosenblatt

BuyReiterates

$80.00

Oct 2

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 22, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for PENG?

The analyst consensus rating for PENG is Buy, based on the latest ratings from 8 analysts over the last 90 days.

What is the average price target for PENG?

The average 12-month price target for PENG is $85.83, representing an upside of 60.7% from the Oct 23, 2026 close of $53.41.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.