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

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SGH Stock Forecast

Penguin Solutions stock forecast is as follows: an average price target of $29.38 (represents a 69.73% upside from SGH’s last price of $17.31) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.

SGH Price Target

The average price target for Penguin Solutions (SGH) is $29.38 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $27.00. This represents a potential 69.73% upside from SGH's last price of $17.31.

SGH Analyst Ratings

Buy

According to 4 Wall Street analysts, Penguin Solutions's rating consensus is 'Buy'. The analyst rating breakdown for SGH 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
Apr 10, 2024Quinn BoltonNeedham$27.00$25.924.17%55.98%
Apr 10, 2024Brian ChinStifel Nicolaus$27.50$25.926.10%58.87%
Apr 05, 2024Quinn BoltonNeedham$24.00$25.66-6.47%38.65%
Oct 16, 2023Needham Ratings AccuracyNeedham$22.00$13.8658.70%27.09%
Oct 13, 2023Brian ChinStifel Nicolaus$26.00$13.1098.47%50.20%
Oct 12, 2023Ravindra GillNeedham$37.00$24.1553.21%113.75%
Apr 04, 2023Kevin CassidyRosenblatt Securities$35.00$16.79108.46%102.20%
Oct 05, 2022Kevin CassidyRosenblatt Securities$38.00$15.80140.51%119.53%
Sep 26, 2022Sidney Ho HoDeutsche Bank$28.00$16.2772.10%61.76%
Jun 22, 2022Kevin CassidyRosenblatt Securities$60.00$20.11198.36%246.62%
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The latest Penguin Solutions stock forecast, released on Apr 10, 2024 by Quinn Bolton from Needham, set a price target of $27.00, which represents a 4.17% increase from the stock price at the time of the forecast ($25.92), and a 55.98% increase from SGH last price ($17.31).

Penguin Solutions Price Target by Period

1M3M12M
# Anlaysts--3
Avg Price Target--$26.17
Last Closing Price$17.31$17.31$17.31
Upside/Downside-100.00%-100.00%51.18%

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 $17.31. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jul 17, 2024Stifel NicolausBuyBuyHold
Jul 05, 2024Deutsche BankBuyBuyHold
Jun 27, 2024NeedhamBuyBuyHold
May 07, 2024NeedhamBuyBuyHold
Apr 05, 2024BarclaysOverweightOverweightHold
Apr 05, 2024NeedhamBuyBuyHold
Apr 05, 2024Deutsche BankBuyBuyHold
Jan 09, 2024Deutsche BankBuyBuyHold
Jan 09, 2024NeedhamBuyBuyHold
Oct 16, 2023BarclaysOverweightOverweightHold
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Penguin Solutions's last stock rating was published by Stifel Nicolaus on Jul 17, 2024. The company gave SGH a "Buy" rating, the same as its previous rate.

Penguin Solutions Financial Forecast

Penguin Solutions Revenue Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
Revenue-------------$316.66M$383.33M--$437.70M$462.54M--$467.71M$437.73M--$297.03M$281.29M--$278.40M
Avg Forecast$564.00M$410.00M$392.50M$375.00M$387.50M$376.67M$358.33M$330.67M$335.00M$325.00M$300.00M$285.09M$275.00M$375.03M$375.08M$435.00M$447.18M$440.00M$455.02M$435.00M$460.06M$461.00M$415.48M$295.58M$291.09M$299.16M$282.56M$268.72M$280.01M$285.05M
High Forecast$564.00M$410.00M$392.50M$375.00M$387.50M$376.67M$358.33M$330.67M$335.00M$325.00M$300.00M$285.09M$275.01M$375.03M$375.08M$435.00M$447.18M$440.00M$455.02M$435.00M$460.06M$461.00M$415.48M$295.58M$291.09M$299.16M$282.56M$268.72M$280.01M$285.05M
Low Forecast$564.00M$410.00M$392.50M$375.00M$387.50M$376.67M$358.33M$330.67M$335.00M$325.00M$300.00M$285.09M$274.99M$375.03M$375.08M$435.00M$447.18M$440.00M$455.02M$435.00M$460.06M$461.00M$415.48M$295.58M$291.09M$299.16M$282.56M$268.72M$280.01M$285.05M
# Analysts1111111112124222111122221010101099
Surprise %-------------0.84%1.02%--0.99%1.02%--1.01%1.05%--0.99%1.00%--0.98%

Penguin Solutions's average Quarter revenue forecast for Dec 23 based on 4 analysts is $275.00M, with a low forecast of $274.99M, and a high forecast of $275.01M. SGH's average Quarter revenue forecast represents a -13.16% decrease compared to the company's last Quarter revenue of $316.66M (Aug 23).

Penguin Solutions EBITDA Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts1111111112124222111122221010101099
EBITDA-------------$-1.64M$-8.80M--$42.78M$54.16M--$51.90M$19.19M--$27.05M$16.72M--$21.30M
Avg Forecast$50.91M$37.01M$35.43M$33.85M$34.98M$34.00M$32.34M$29.85M$30.24M$29.33M$27.08M$31.88M$24.82M$33.85M$33.85M$28.98M$51.86M$39.71M$41.07M$26.35M$41.52M$41.61M$37.50M$19.80M$26.27M$27.00M$25.50M$6.12M$25.27M$25.73M
High Forecast$50.91M$37.01M$35.43M$33.85M$34.98M$34.00M$32.34M$29.85M$30.24M$29.33M$27.08M$38.26M$24.82M$33.85M$33.85M$34.78M$62.24M$39.71M$41.07M$31.62M$41.52M$41.61M$37.50M$23.76M$26.27M$27.00M$25.50M$7.34M$25.27M$25.73M
Low Forecast$50.91M$37.01M$35.43M$33.85M$34.98M$34.00M$32.34M$29.85M$30.24M$29.33M$27.08M$25.50M$24.82M$33.85M$33.85M$23.19M$41.49M$39.71M$41.07M$21.08M$41.52M$41.61M$37.50M$15.84M$26.27M$27.00M$25.50M$4.89M$25.27M$25.73M
Surprise %--------------0.05%-0.26%--1.08%1.32%--1.25%0.51%--1.00%0.66%--0.83%

1 analysts predict SGH's average Quarter EBITDA for Dec 22 to be $51.86M, with a high of $62.24M and a low of $41.49M. This is 21.23% upper than Penguin Solutions's previous annual EBITDA (Aug 22) of $42.78M.

Penguin Solutions Net Income Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts1111111112124222111122221010101099
Net Income-------------$-140.84M$-24.08M--$19.96M$24.11M--$20.65M$-7.21M--$7.53M$825.00K--$5.63M
Avg Forecast$57.54M$46.95M$43.70M$36.37M$39.90M$31.82M$27.74M$22.31M$22.50M$21.74M$16.42M$2.35M$8.57M$24.75M$21.89M$2.14M$20.27M$35.37M$40.98M$1.95M$54.24M$43.38M$29.63M$5.33M$19.10M$21.31M$18.21M$-9.33M$19.94M$18.13M
High Forecast$57.54M$46.95M$43.70M$36.37M$39.90M$31.82M$27.74M$22.31M$22.50M$21.74M$16.43M$2.83M$9.10M$24.75M$21.89M$2.57M$24.32M$35.37M$40.98M$2.34M$54.24M$43.38M$29.63M$6.40M$19.10M$21.31M$18.21M$-7.46M$19.94M$18.13M
Low Forecast$57.54M$46.95M$43.70M$36.37M$39.90M$31.82M$27.74M$22.31M$22.50M$21.74M$16.41M$1.88M$8.03M$24.75M$21.89M$1.71M$16.21M$35.37M$40.98M$1.56M$54.24M$43.38M$29.63M$4.27M$19.10M$21.31M$18.21M$-11.20M$19.94M$18.13M
Surprise %--------------5.69%-1.10%--0.56%0.59%--0.48%-0.24%--0.35%0.05%--0.31%

Penguin Solutions's average Quarter net income forecast for Dec 22 is $20.27M, with a range of $16.21M to $24.32M. SGH's average Quarter net income forecast represents a 1.54% increase compared to the company's last Quarter net income of $19.96M (Aug 22).

Penguin Solutions SG&A Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts1111111112124222111122221010101099
SG&A-------------$65.03M$70.60M--$55.63M$58.73M--$51.26M$48.48M--$27.59M$29.73M--$27.32M
Avg Forecast$68.40M$49.72M$47.60M$45.48M$46.99M$45.68M$43.46M$40.10M$40.63M$39.41M$36.38M$50.88M$33.35M$45.48M$45.49M$46.25M$53.18M$53.36M$55.18M$42.05M$55.79M$55.91M$50.39M$28.89M$35.30M$36.28M$34.27M$33.87M$33.96M$34.57M
High Forecast$68.40M$49.72M$47.60M$45.48M$46.99M$45.68M$43.46M$40.10M$40.63M$39.41M$36.38M$61.05M$33.35M$45.48M$45.49M$55.50M$63.82M$53.36M$55.18M$50.46M$55.79M$55.91M$50.39M$34.67M$35.30M$36.28M$34.27M$40.64M$33.96M$34.57M
Low Forecast$68.40M$49.72M$47.60M$45.48M$46.99M$45.68M$43.46M$40.10M$40.63M$39.41M$36.38M$40.70M$33.35M$45.48M$45.49M$37.00M$42.54M$53.36M$55.18M$33.64M$55.79M$55.91M$50.39M$23.11M$35.30M$36.28M$34.27M$27.09M$33.96M$34.57M
Surprise %-------------1.43%1.55%--1.04%1.06%--0.92%0.96%--0.76%0.87%--0.79%

Penguin Solutions's average Quarter SG&A projection for Dec 23 is $33.35M, based on 4 Wall Street analysts, with a range of $33.35M to $33.35M. The forecast indicates a -48.71% fall compared to SGH last annual SG&A of $65.03M (Aug 23).

Penguin Solutions EPS Forecast

Dec 26Aug 26May 26Mar 26Dec 25Aug 25May 25Mar 25Dec 24Aug 24May 24Mar 24Dec 23Aug 23May 23Mar 23Dec 22Aug 22May 22Mar 22Dec 21Aug 21May 21Mar 21Dec 20Aug 20May 20Mar 20Dec 19Aug 19
# Analysts1111111112124222111122221010101099
EPS-------------$-2.77$-0.49--$0.41$0.48--$0.42$-0.15--$0.15$0.01--$0.12
Avg Forecast$1.06$0.86$0.81$0.67$0.73$0.59$0.51$0.41$0.41$0.40$0.30$0.25$0.16$0.46$0.40$0.60$0.59$0.65$0.76$0.72$1.00$0.80$0.55$0.40$0.35$0.39$0.34$0.27$0.37$0.33
High Forecast$1.06$0.86$0.81$0.67$0.73$0.59$0.51$0.41$0.41$0.40$0.30$0.25$0.17$0.46$0.40$0.60$0.59$0.65$0.76$0.72$1.00$0.80$0.55$0.40$0.35$0.39$0.34$0.27$0.37$0.33
Low Forecast$1.06$0.86$0.81$0.67$0.73$0.59$0.51$0.41$0.41$0.40$0.30$0.25$0.15$0.46$0.40$0.60$0.59$0.65$0.76$0.72$1.00$0.80$0.55$0.40$0.35$0.39$0.34$0.27$0.37$0.33
Surprise %--------------6.07%-1.21%--0.63%0.64%--0.53%-0.27%--0.39%0.04%--0.36%

According to 1 Wall Street analysts, Penguin Solutions's projected average Quarter EPS for Dec 22 is $0.59, with a low estimate of $0.59 and a high estimate of $0.59. This represents a 42.80% increase compared to SGH previous annual EPS of $0.41 (Aug 22).

Penguin Solutions Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MXMagnachip Semiconductor$3.67$8.00117.98%Buy
MXLMaxLinear$15.74$33.88115.25%Hold
SIMOSilicon Motion$54.80$82.0049.64%Buy
SLABSilicon Laboratories$103.44$151.0045.98%Buy
SGHPenguin Solutions$20.85$29.3840.91%Buy
AMKRAmkor$26.35$36.5038.52%Buy
POWIPower Integrations$62.41$79.0026.58%Buy
FORMFormFactor$40.78$51.1725.48%Buy
DIODDiodes$59.17$74.0025.06%Buy
CRUSCirrus Logic$102.55$115.0912.23%Buy
SMTCSemtech$50.90$49.50-2.75%Buy
MTSIMACOM Technology Solutions$131.33$103.88-20.90%Buy
AOSLAlpha and Omega Semiconductor$40.40$31.50-22.03%Buy
SITMSiTime$210.50$155.00-26.37%Buy

SGH Forecast FAQ

Is Penguin Solutions a good buy?

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

What is SGH's price target?

Penguin Solutions (SGH) average price target is $29.38 with a range of $27 to $35, implying a 69.73% from its last price of $17.31. 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 SGH stock, the company can go up by 69.73% (from the last price of $17.31 to the average price target of $29.38), up by 102.20% based on the highest stock price target, and up by 55.98% based on the lowest stock price target.

Can Penguin Solutions stock reach $30?

SGH's highest twelve months analyst stock price target of $35 supports the claim that Penguin Solutions can reach $30 in the near future.

What are Penguin Solutions's analysts' financial forecasts?

Penguin Solutions's analysts financial forecasts for the fiscal year (Aug 2025) are as follows: average revenue is $1.4B (high $1.4B, low $1.4B), average EBITDA is $126.42M (high $126.42M, low $126.42M), average net income is $104.37M (high $104.37M, low $104.37M), average SG&A $169.87M (high $169.87M, low $169.87M), and average EPS is $1.92 (high $1.92, low $1.92). SGH's analysts financial forecasts for the fiscal year (Aug 2026) are as follows: average revenue is $1.56B (high $1.56B, low $1.56B), average EBITDA is $141.26M (high $141.26M, low $141.26M), average net income is $166.92M (high $166.92M, low $166.92M), average SG&A $189.8M (high $189.8M, low $189.8M), and average EPS is $3.07 (high $3.07, low $3.07).

Did the SGH's actual financial results beat the analysts' financial forecasts?

Based on Penguin Solutions's last annual report (Aug 2023), the company's revenue was $1.44B, which missed the average analysts forecast of $1.63B by -11.70%. Apple's EBITDA was $8.74M, missing the average prediction of $148.55M by -94.11%. The company's net income was $-188M, missing the average estimation of $69.05M by -371.56%. Apple's SG&A was $260.72M, beating the average forecast of $190.4M by 36.93%. Lastly, the company's EPS was $-3.78, missing the average prediction of $2.04 by -284.86%. In terms of the last quarterly report (Aug 2023), Penguin Solutions's revenue was $316.66M, missing the average analysts' forecast of $375.03M by -15.56%. The company's EBITDA was $-1.639M, missing the average prediction of $33.85M by -104.84%. Penguin Solutions's net income was $-141M, missing the average estimation of $24.75M by -669.00%. The company's SG&A was $65.03M, beating the average forecast of $45.48M by 42.97%. Lastly, the company's EPS was $-2.77, missing the average prediction of $0.456 by -707.46%