Weekly Investment Analysts’ Ratings Updates for Penguin Solutions (PENG)

A number of firms have modified their ratings and price targets on shares of Penguin Solutions (NASDAQ: PENG) recently:

• 10/17/2026 – Penguin Solutions was upgraded by Wall Street Zen from “buy” to “strong-buy”.
• 10/16/2026 – Penguin Solutions was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 10/9/2026 – Penguin Solutions was given a new $100.00 price target by Deutsche Bank Aktiengesellschaft.
• 10/9/2026 – Penguin Solutions was upgraded by Zacks Research from “hold” to “strong-buy”.
• 10/9/2026 – Penguin Solutions is now covered by Bank of America. They set a “buy” rating and a $100.00 price target on the stock.
• 10/7/2026 – Penguin Solutions had its “buy” rating reaffirmed by The Goldman Sachs Group. They now have a $85.00 price target on the stock.
• 10/7/2026 – Penguin Solutions had its price target raised by Rosenblatt Securities from $80.00 to $100.00. They now have a “buy” rating on the stock.
• 10/7/2026 – Penguin Solutions had its price target raised by Stifel Nicolaus from $75.00 to $85.00. They now have a “buy” rating on the stock.
• 10/7/2026 – Penguin Solutions had its price target raised by Barclays from $40.00 to $60.00. They now have an “underweight” rating on the stock.
• 10/7/2026 – Penguin Solutions had its price target raised by Needham & Company LLC from $80.00 to $85.00. They now have a “buy” rating on the stock.
• 10/2/2026 – Penguin Solutions had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 10/2/2026 – Penguin Solutions had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $80.00 price target on the stock.
• 9/7/2026 – Penguin Solutions was downgraded by Zacks Research from “strong-buy” to “hold”.

Insiders Place Their Bets

In other Penguin Solutions news, SVP Anne Kuykendall sold 4,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $50.58, for a total transaction of $202,320.00. Following the sale, the senior vice president owned 112,994 shares in the company, valued at approximately $5,715,236.52. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.90% of the company’s stock.

Penguin Solutions, Inc provides technology products and services for data center, cloud, artificial intelligence, high-performance computing, edge computing and embedded applications. The company designs and delivers memory products, computing platforms and integrated infrastructure intended to help organizations manage demanding workloads and deploy specialized technology environments.

Its offerings include memory modules and other memory-related products, high-performance computing systems, servers, storage and networking solutions, and software and services for infrastructure management.