Should You Buy Penguin Solutions Inc (PENG) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
Penguin Solutions Inc (PENG) is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock shows mixed signals with no clear upward momentum, insider selling, and weak financial performance. It is better to hold off on investing until stronger positive catalysts or financial improvements emerge.
Technical Analysis
The MACD is positive but contracting, indicating weakening momentum. RSI is neutral at 48.341, and moving averages are converging, showing no clear trend. The price is near the pivot level of 20.066, with key support at 19.202 and resistance at 20.929.
Analyst Ratings and Price Target Trends
Rosenblatt analyst Kevin Cassidy maintains a Buy rating, expecting the company to beat estimates in the next earnings report due to strong memory demand and pricing increases.
Wall Street analysts forecast PENG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PENG is 26 USD with a low forecast of 23 USD and a high forecast of 30 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast PENG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PENG is 26 USD with a low forecast of 23 USD and a high forecast of 30 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 19.720
Current: 19.720
