Northland Rates Palladyne AI Outperform, Targets $10

Northland Securities analyst M. Latimore forecasts Palladyne AI will post Q1 2026 EPS of ($0.24), with losses gradually narrowing through FY2027. The firm maintains an Outperform rating and $10 price target on PDYN, which trades near $6.45 with a roughly $300M market cap. Palladyne recently beat expectations, reporting ($0.16) EPS versus an ($0.18) estimate and revenue of $1.66M against an $0.81M forecast. However, the broader analyst consensus remains Hold with a $9 target, and insiders including the CTO and CFO have been net sellers in recent months.