Rosenblatt expects ‘beat-and-raise quarter’ from Penguin Solutions

Rosenblatt reiterates a Buy rating on Penguin Solutions (PENG) with an $80 price target ahead of the earnings the report. The firm expects Penguin to report a “beat-and-raise quarter,” driven by memory strength and continued non-hyperscale growth. It believes the company will lift its fiscal 2027 revenue and earnings per share outlook toward $2.3B and $3.65, respectively, implying 35% year-over-year growth versus over 30% previously.

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