Rosenblatt Raises its Price Target on Penguin Solutions. (PENG) to $32

Penguin Solutions, Inc. (NASDAQ:PENG) is 1 of the 10 Best Stocks That Beat Earnings Estimates. On April 2, 2026, Rosenblatt raised the terms people connected Penguin Solutions, Inc. (NASDAQ:PENG) to $32 from $30 and maintained a Buy rating, pursuing a fiscal Q2 study that exceeded expectations and prompted absorption to rise its FY26 gross maturation outlook to 12% from 6%. The steadfast noted the institution added 5 caller customers successful its precocious computing segment, highlighting continued enlargement beyond hyperscalers arsenic a operator of much accordant and profitable growth.

On the aforesaid day, Needham raised its terms people connected Penguin Solutions, Inc. (NASDAQ:PENG) to $27 from $25 and maintained a Buy rating.

On April 1, 2026, Penguin Solutions, Inc. (NASDAQ:PENG) reported Q2 adjusted EPS of 52c, supra the 42c statement estimate, with gross of $343M versus $339M consensus. CEO Kash Shaikh pointed to beardown request from enterprises, governments, and unreality providers gathering AI infrastructure, noting the institution added 5 AI/HPC customers during the 4th and continues to spot momentum successful its pipeline, supported by increasing request for memory-driven AI workloads.

Penguin Solutions, Inc. (NASDAQ:PENG) provides endeavor solutions crossed precocious computing, memory, and LED technologies.

While we admit the imaginable of PENG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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