Transocean Ltd. (NYSE:RIG) is a top penny stock pick, with analysts at Morgan Stanley and Citi issuing Hold ratings and raising price targets. While energy service stocks are rebounding, uncertainties in oil prices persist. Citi sees the industry at the bottom of a downcycle, with potential for performance improvement in 2026.

Transocean Ltd. provides offshore drilling services worldwide, specializing in deepwater and harsh environments. Despite its potential, other AI stocks may offer greater upside and less downside risk. A free report highlights an undervalued AI stock poised to benefit from tariffs and onshoring trends.

For more investing insights, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” on Insider Monkey. No disclosures.

Read more at Yahoo Finance: Is Transocean Ltd (RIG) The Best High Volume Penny Stock?