Penguin Solutions, Inc. (NASDAQ:PENG) will release its third quarter earnings report after the closing bell on Tuesday, July 7.
Analysts expect the company to report quarterly earnings of 54 cents per share, up from 47 cents per share in the year-ago period. The consensus estimate for Penguin Solutions’ quarterly revenue is $405.53 million. It reported $324.25million last year, according to Benzinga Pro.
On June 1, Penguin Solutions announced a CFO transition and provided an update on its full-year outlook.
Penguin Solutions shares gained 3.2% to close at $66.77 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Rosenblatt analyst Kevin Cassidy maintained a Buy rating and raised the price target from $54 to $65 on June 2, 2026. This analyst has an accuracy rate of 85%.
- Stifel analyst Brian Chin maintained a Buy rating and boosted the price target from $24 to $66 on June 2, 2026. This analyst has an accuracy rate of 89%.
- Barclays analyst Tom O’Malley downgraded the stock from Overweight to Equal-Weight and raised the price target from $23 to $27 on April 22, 2026. This analyst has an accuracy rate of 88%.
- Needham analyst Matthew Calitri maintained a Buy rating and increased the price target from $25 to $27 on April 2, 2026. This analyst has an accuracy rate of 74%.
- JMP Securities analyst Rustam Kanga maintained a Market Outperform rating with a price target of $26 on Oct. 8, 2025. This analyst has an accuracy rate of 68%.
Considering buying PENG stock? Here’s what analysts think:
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