Penguin Solutions, Inc. (NASDAQ:PENG) is a top AI stock on Wall Street, recently receiving a Market Outperform rating from Citizens with a $26.00 price target following strong fiscal fourth-quarter results. Revenue was $337.9 million, slightly below estimates, with the Integrated Memory segment showing a 44% increase year-over-year.

Non-GAAP earnings per share for the quarter were $0.43, surpassing the consensus estimate of $0.38 despite the revenue miss. PENG is a prominent AI and HPC computing company globally known for enterprise solutions. While the company holds investment potential, other AI stocks may offer greater upside potential and lower risk.

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Read more at Yahoo Finance: Citizens Reiterates Market Outperform on Penguin Solutions (PENG), Sets $26 Price Target