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Penguin Solutions (PENG) Stock Forecast, Price Target & Predictions

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PENG Stock Forecast

Penguin Solutions stock forecast is as follows: an average price target of $24.17 (represents a 24.14% upside from PENG’s last price of $19.47) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.

PENG Price Target

The average price target for Penguin Solutions (PENG) is $24.17 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $21.00. This represents a potential 24.14% upside from PENG's last price of $19.47.

PENG Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 18, 2024Rustam KangaJMP Securities$23.00$16.7837.07%18.13%
Nov 01, 2024Michael NgGoldman Sachs$21.00$15.9731.50%7.86%
Oct 16, 2024Tom O'MalleyBarclays$22.00$15.6840.31%12.99%
Oct 16, 2024Brian ChinStifel Nicolaus$27.00$20.4132.29%38.67%
Oct 16, 2024Kevin CassidyRosenblatt Securities$27.00$20.4132.29%38.67%
Oct 16, 2024Nick DoyleNeedham$25.00$20.4122.49%28.40%

The latest Penguin Solutions stock forecast, released on Nov 18, 2024 by Rustam Kanga from JMP Securities, set a price target of $23.00, which represents a 37.07% increase from the stock price at the time of the forecast ($16.78), and a 18.13% increase from PENG last price ($19.47).

Penguin Solutions Price Target by Period

1M3M12M
# Anlaysts-66
Avg Price Target-$24.17$24.17
Last Closing Price$19.47$19.47$19.47
Upside/Downside-100.00%24.14%24.14%

In the current month, the average price target of Penguin Solutions stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Penguin Solutions's last price of $19.47. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 18, 2024JMP SecuritiesMarket OutperformInitialise
Nov 01, 2024Goldman SachsBuyInitialise
Oct 16, 2024BarclaysOverweightOverweightHold
Oct 16, 2024NeedhamBuyBuyHold

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".

PENG Forecast FAQ

Is Penguin Solutions a good buy?

Yes, according to 4 Wall Street analysts, Penguin Solutions (PENG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 100.00% of PENG's total ratings.

What is PENG's price target?

Penguin Solutions (PENG) average price target is $24.17 with a range of $21 to $27, implying a 24.14% from its last price of $19.47. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Penguin Solutions stock go up soon?

According to Wall Street analysts' prediction for PENG stock, the company can go up by 24.14% (from the last price of $19.47 to the average price target of $24.17), up by 38.67% based on the highest stock price target, and up by 7.86% based on the lowest stock price target.

Can Penguin Solutions stock reach $30?

PENG's average twelve months analyst stock price target of $24.17 does not support the claim that Penguin Solutions can reach $30 in the near future.