Penguin Solutions (PENG) news

Axe Compute - Announces strategic partnership with Penguin Solutions

Axe Compute has announced a strategic partnership with Penguin Solutions, marking a collaboration aimed at enhancing digital accessibility and automation capabilities. The partnership is expected to leverage Axe Compute's AI-driven accessibility testing tools, which are built on the Axe-core…

Penguin Solutions Inc: BofA global research initiates coverage with buy rating; target price $100

Penguin Solutions Inc: Rosenblatt Securities raises target price to $100 from $80

Rosenblatt Securities has raised its price target for Penguin Solutions Inc. (NASDAQ: PENG) to $100 from $80, reflecting expanding AI infrastructure market . The move follows strong performance in Penguin Solutions’ fiscal second quarter, during which the company exceeded earnings and revenue…

Penguin Solutions Inc: Stifel raises target price to $85 from $75

Penguin Solutions Inc. (PENG) has seen a significant increase in its stock price, driven by strong demand for agentic AI workloads and a favorable outlook for fiscal 2026. The company recently confirmed that both revenue and earnings are tracking toward the high end of its guidance, with CEO Kash…

Penguin Solutions Inc: Needham raises target price to $85 from $80

Needham & Company LLC has raised its target price for Penguin Solutions Inc. (NASDAQ:PENG) to $85 from $80, maintaining a "buy" rating for the stock, according to a research note . This adjustment follows recent positive developments, including the company's strong quarterly performance and ongoing…