These Analysts Increase Their Forecasts On Penguin Solutions Following Upbeat Q4 Results

Penguin Solutions Inc (NASDAQ: PENG) reported fourth-quarter revenue of $566.69 million, surpassing analyst expectations of $516.12 million, and reflecting a 68% year-over-year increase. The company also posted adjusted earnings of $1 per share, exceeding estimates of 78 cents. For fiscal 2027, Penguin guided revenue between $2.25 billion and $2.60 billion, above the $2.20 billion estimate, and adjusted earnings of $3.75 to $5.15 per share, compared to $3.25 estimates. Following the earnings report, shares rose 4.4% to $67.04, with analysts from Needham and Stifel raising their price targets to $85.