Penguin Solutions (PENG) Receives a Buy from JMP Securities

In a report released today, Rustam Kanga from JMP Securities reiterated a Buy rating on Penguin Solutions (PENG – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $16.19.

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According to TipRanks, Kanga is an analyst with an average return of -24.7% and a 0.00% success rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Penguin Solutions with a $25.71 average price target, implying a 58.80% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $23.00 price target.

PENG market cap is currently $926.9M and has a P/E ratio of -34,618.34.