Bank of America initiates coverage of Penguin Solutions with Buy rating and $100 price target
Bank of America Securities began coverage of Penguin Solutions, issuing a Buy rating and a $100 price target. The firm highlighted that AI‑driven sales now make up 78% of revenue and grew 141% year‑over‑year in the latest quarter. Penguin reported fourth‑quarter 2026 net sales of $567 million, up 68% YoY, and adjusted earnings of $1.00 per share. BofA also projected fiscal 2028 revenue of $2.87 billion and EPS of $5.43, both above consensus estimates.
Why it matters
The Buy rating and $100 target suggest upside from the current $71.57 share price, potentially attracting more investors (source 2). BofA’s above‑consensus 2028 forecasts may lift expectations for future growth.
Key facts
- 1Bank of America initiated coverage with a Buy rating and a $100 price target. tipranks.com
- 2AI‑driven sales represent 78% of total sales and grew 141% year‑over‑year in the latest quarter. tipranks.com
- 3Fourth‑quarter 2026 net sales were $567 million, up 68% year‑over‑year. cryptobriefing.com
- 4Adjusted earnings per share for Q4 2026 were $1.00. cryptobriefing.com
- 5Fiscal 2028 revenue is estimated at $2.87 billion. investing.com
- 6Fiscal 2028 EPS is estimated at $5.43. investing.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.