Citizens JMP Reiterates Market Outperform Rating on Penguin Solutions (PENG)

Citizens JMP analyst Rustam Kanga reiterated a Market Outperform rating and $26.00 price target on Penguin Solutions (NASDAQ: PENG)

The analyst comments "We reiterate our Market Outperform rating and $26 price target on Penguin Solutions, Inc. (PENG) after the company reported F3Q25 results that were in line with previously set company expectations but below consensus, with revenue of $324.3M, up 8% y/y (consensus $328.8M, up 9% y/y), driven by Integrated Memory revenue of $130.1M, up 42% y/ y (consensus $116.5M, up 27% y/y), and non-GAAP EPS of $0.47 (consensus $0.32), as CEO Mark Adams reaffirmed growth prospects for Advanced Computing, stating “we continue to see increased interest at enterprise customers as well as neo cloud customer opportunities exemplifying the increased investments being made in large scale AI infrastructure. Our core competency in successfully managing large-scale AI infrastructure buildouts helps customers accelerate their time to a live production environment”; the stock is down ~0.9% YTD (after trading down 8.6% due to Advanced Computing revenues below consensus) versus up ~5.7% for the Russell 3000 YTD."

For an analyst ratings summary and ratings history on Penguin Solutions click here. For more ratings news on Penguin Solutions click here.

Shares of Penguin Solutions closed at $21.19 yesterday.

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