On April 17, 2026, Lake Street initiated coverage of Palladyne AI (NasdaqGM:PDYN) with a Buy recommendation, projecting a potential upside of 85.74% based on an average one-year price target of $12.24/share. This target is an increase from the current closing price of $6.59/share.
The projected annual revenue for Palladyne AI is $16 million, marking a significant increase of 199.22%. However, the projected annual non-GAAP EPS stands at -0.64. Institutional ownership has decreased, with 110 funds reporting positions, reflecting a decline of 39.23% in the last quarter.
Significant changes in holdings include Raymond James Financial increasing its stake by 58.42% to 992K shares, while Geode Capital Management decreased its positions by 71.24% to 722K shares. The put/call ratio for PDYN is 0.42, indicating a generally bullish sentiment among investors.
