Penguin Solutions Inc. plummeted 16.8% in late trading. The company's fourth-quarter revenue fell short of expectations, and its outlook for fiscal year 2026 is cautious

Penguin Solutions: Analyst Says Buy The Stock On 'Weakness Tied To Meta's Hardware Order Timing'

Penguin Solutions Inc (NASDAQ:PENG) is projected to achieve 6% revenue growth for fiscal 2026, below the expected 10%. Analyst Kevin Cassidy from Rosenblatt Securities maintains a Buy rating but lowers the price target from $36 to $30. The company’s revenue grew 17% to $1.37 billion, aligning with guidance, but fourth-quarter revenue fell slightly short of consensus. Cassidy attributes the limited visibility into new hardware deployments for Meta Platforms Inc (NASDAQ:META) to timing issues and recommends buying PENG shares on weakness related to this situation. PENG shares dropped 15.52% to $22.81.

Citizens JMP Reaffirms Their Buy Rating on Penguin Solutions (PENG)

According to TipRanks, Kanga is a 3-star analyst with an average return of 28.3% and a 71.43% success rate. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Penguin Solutions with a $28.50 average price target, which is a 5.56% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a $27.00 price target.

08:00 ET Penguin Ai Secures $29.7M in Venture Funding to Tackle the $1 Trillion Administrative Burden in the Healthcare Industry

Penguin Ai, a healthcare AI company, has secured $29.7 million in venture funding, including a $25 million Series A led by Greycroft. The funding will support hiring, product development, and scaling deployments to streamline administrative workflows in healthcare. The platform aims to reduce operational costs and improve efficiency using generative AI technologies. Key partnerships with health plans and providers have been established, and the company is focused on automating complex workflows to enhance healthcare operations.

25,100 Shares in Penguin Solutions, Inc. (NASDAQ:PENG) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired 25,100 shares of Penguin Solutions, Inc. (NASDAQ:PENG) valued at approximately $436,000 in the 1st quarter. Other hedge funds also increased their stakes in the company. Analysts have given the stock a "buy" rating, with a price target ranging from $22.50 to $35.00. Penguin Solutions reported earnings of $0.47 per share, exceeding estimates, and has a market capitalization of $1.28 billion. Insider trading activity includes a director selling shares, reducing their position by 10.09%.