Zacks Upgrades Palladyne AI to Hold Rating

Zacks Research upgraded Palladyne AI (PDYN) to a Hold rating, aligning with the consensus analyst view. Northland Securities holds an Outperform rating with a $10 price target, while the average analyst price target sits at $9.00. Shares traded at $6.43 with a market cap near $299 million. Palladyne beat Q4 estimates, reporting EPS of ($0.16) versus ($0.18) expected and revenue of $1.66 million against a $0.81 million forecast. Insider selling remains notable, with 27,396 shares sold in the past 90 days, leaving insiders holding 13.4% of the company.