Penguin Solutions, Inc. (NASDAQ:PENG) is a top AI and HPC computing company, with Rosenblatt analyst Kevin Cassidy reiterating a Buy rating and $30.00 price target. The firm reported better-than-expected revenue and earnings, with Advanced Computing revenue up 52% year-over-year, excluding Meta contributions. Integrated Memory revenue grew 41%, expected to exceed $600 million in fiscal year 2026. Despite a softening in the LED segment, Rosenblatt sees growth potential in Advanced Computing and Integrated Memory segments as reasons to own PENG stock.

Read more at Yahoo Finance: Penguin Solutions’ (PENG) Growth Outlook Remains Intact, Rosenblatt Says