Northland Securities Backs Palladyne AI With Outperform

Northland Securities initiated coverage on Palladyne AI (NASDAQ: PDYN) with an "outperform" rating and a $10.00 price target, implying 54.32% upside from the stock's current price of $6.48. The AI robotics software company carries an average analyst rating of "Hold" with a $9.00 consensus price target. PDYN recently beat quarterly earnings estimates, reporting -$0.16 EPS versus the expected -$0.18, with revenue of $1.66 million far exceeding the $0.81 million forecast. Institutional investors including Goldman Sachs and Geode Capital have increased their positions, while insiders sold approximately $206,840 worth of shares over the past 90 days.