Penguin Solutions (PENG) Stock Skyrockets After Strong Earnings Report

Shares of Penguin Solutions (NASDAQ:PENG) rose 8.2% as Wall Street analysts raised price targets following the company’s third-quarter earnings report. Revenue increased by 7.9% to $324 million, slightly missing estimates, but non-GAAP earnings per share beat expectations. Penguin Solutions raised its full-year fiscal 2025 non-GAAP EPS guidance, prompting Goldman Sachs to raise its price target to $25.00. Penguin Solutions is up 19.2% year-to-date and trading below its 52-week high. Young investors are encouraged to explore enterprise software stocks with generative AI capabilities for future growth opportunities.

Read more at StockStory Media: Why Is Penguin Solutions (PENG) Stock Soaring Today