Penguin Solutions, Inc. (NASDAQ: PENG) is highlighted as one of the AI stocks to watch for investors. Rosenblatt lowered its price target on PENG to $30.00 from $36.00, despite exceeding Non-GAAP EPS forecasts. The company’s management guided for 6% year-over-year revenue growth for fiscal 2026, lower than analyst predictions. Penguin’s growth is attributed to diversifying its customer base and strong potential in HPC/AI software and services. While PENG shows promise, other AI stocks may offer greater upside potential. Investors are encouraged to buy PENG shares on current weaknesses tied to Meta’s hardware order timing.
Read more at Yahoo Finance: Meta Timing Creates Buying Opportunity in Penguin Solutions (PENG), Analyst Says