Citizens Reiterates Market Outperform on Penguin Solutions (PENG), Sets $26 Price Target

Penguin Solutions, Inc. (NASDAQ:PENG) is one of the Trending AI Stocks on Wall Street. On October 8, Citizens reiterated its Market Outperform rating on the stock with a $26.00 price target. The rating affirmation follows the company’s fiscal fourth-quarter and full-year 2025 results.

The company reported revenue of $337.9 million for the fourth quarter, slightly below the consensus estimate of $342.5 million. In particular, its Integrated Memory segment demonstrated strong performance, generating revenue of $138.3 million.

This revenue represents an increase of 44% year-over-year, outperforming consensus expectations of $124.1 million, which had estimated 29% growth.

The company’s non-GAAP earnings per share were $0.43, exceeding the consensus estimate of $0.38. This is despite the slight revenue miss in the quarter.

Penguin Solutions, Inc. (NASDAQ:PENG) is a leading AI and HPC computing company engaged in the design and development of enterprise solutions worldwide.

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