Penguin Solutions, Inc. (NASDAQ:PENG) is highlighted as one of the Hot AI Stocks to Watch, with Citizens analyst Rustam Kanga reiterating a Market Outperform rating and $26.00 price target on January 13.

The rating affirmation follows a meeting at CES where analysts discussed Penguin Solution’s enterprise and sovereign AI opportunities with CEO Mark Adams and CFO Nate Olmstead.

Despite a 0.9% YTD decline, the firm anticipates PENG to outperform the market, citing its exposure to artificial intelligence in their $26.00 price target.

Penguin Solutions, Inc. (NASDAQ:PENG) is a global leader in AI and HPC computing solutions for enterprises.

While PENG shows potential, other AI stocks may offer greater upside with less risk, according to analysts. Check out their report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Citizens Reiterates Market Outperform on Penguin Solutions (PENG) After CES Meetings