Penguin Solutions (PENG) Stock Forecast, Price Target & Predictions
PENG Stock Forecast
Penguin Solutions stock forecast is as follows: a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
PENG Analyst Ratings
According to 4 Wall Street analysts, Penguin Solutions's rating consensus is 'Buy'. The analyst rating breakdown for PENG stock is 0 'Strong Buy' (0.00%), 4 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Penguin Solutions Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 18, 2024 | Rustam Kanga | JMP Securities | $23.00 | $16.78 | 37.07% | 34.42% |
| Nov 01, 2024 | Michael Ng | Goldman Sachs | $21.00 | $15.97 | 31.50% | 22.74% |
| Oct 16, 2024 | Tom O'Malley | Barclays | $22.00 | $15.68 | 40.31% | 28.58% |
| Oct 16, 2024 | Brian Chin | Stifel Nicolaus | $27.00 | $20.41 | 32.29% | 57.80% |
| Oct 16, 2024 | Kevin Cassidy | Rosenblatt Securities | $27.00 | $20.41 | 32.29% | 57.80% |
| Oct 16, 2024 | Nick Doyle | Needham | $25.00 | $20.41 | 22.49% | 46.11% |
Penguin Solutions Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 6 | 6 |
| Avg Price Target | $22.00 | $24.17 | $24.17 |
| Last Closing Price | $17.11 | $17.11 | $17.11 |
| Upside/Downside | 28.58% | 41.26% | 41.26% |
In the current month, the average price target of Penguin Solutions stock is $22.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 28.58% increase as opposed to Penguin Solutions's last price of $17.11. This month's average price target is down -8.98% compared to last quarter, and down -8.98% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 18, 2024 | JMP Securities | - | Market Outperform | Initialise |
| Nov 01, 2024 | Goldman Sachs | - | Buy | Initialise |
| Oct 16, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 16, 2024 | Needham | Buy | Buy | Hold |
Penguin Solutions's last stock rating was published by JMP Securities on Nov 18, 2024. The company Initialise its PENG rating from "null" to "Market Outperform".