Northland Securities Stock Recommendations and Price Targets

This is a list of recent ratings by Northland Securities.

Date	Company Name	Action	Current Price	Price Target	Rating
2/2/2026	WT WisdomTree	Set Price Target	$16.00	$20.00
1/30/2026	EE Excelerate Energy	Set Price Target	$36.00	$50.00
1/29/2026	GRRR Gorilla Technology Group	Set Price Target	$13.00	$40.00
1/29/2026	IMSR HCM II Acquisition	Initiated Coverage	$9.00	$15.00	Outperform
1/28/2026	APLD Applied Digital	Set Price Target	$35.00	$56.00
1/27/2026	GHM Graham	Downgrade	$73.00	$80.00	Outperform ➝ Market Perform
1/23/2026	LTH Life Time Group	Set Price Target	$30.00	$42.00
1/23/2026	WT WisdomTree	Set Price Target	$16.00	$19.00
1/23/2026	INTC Intel	Set Price Target	$49.00	$54.00
1/22/2026	RELL Richardson Electronics	Set Price Target	$12.00	$11.00
1/22/2026	INV Innventure	Set Price Target	$3.00	$8.00
1/22/2026	ECPG Encore Capital Group	Set Price Target	$56.00	$70.00
1/22/2026	BWAY Brainsway	Set Price Target	$23.00	$30.00
1/22/2026	BW Babcock	Initiated Coverage	$10.00	$10.00	Outperform
1/20/2026	INDV Indivior	Set Price Target	$35.00	$50.00
1/20/2026	RCAT Red Cat	Set Price Target	$14.00	$22.00
1/20/2026	ONDS Ondas	Set Price Target	$11.00	$16.00
1/15/2026	DPRO Draganfly	Set Price Target	$8.00	$20.00
1/15/2026	DPRO Draganfly	Upgrade	$8.00		Strong-Buy
1/14/2026	REAL RealReal	Set Price Target	$15.00	$20.00
1/13/2026	PL Planet Labs PBC	Set Price Target	$23.00	$28.00
1/13/2026	CLSK Cleanspark	Upgrade	$11.00		Strong-Buy
1/13/2026	CLSK Cleanspark	Initiated Coverage	$11.00	$22.50	Outperform
1/7/2026	LINC Lincoln Educational Services	Set Price Target	$27.00	$28.00
1/7/2026	LEU Centrus Energy	Set Price Target	$267.00	$325.00
1/7/2026	MOV Movado Group	Upgrade	$24.00		Strong-Buy
1/7/2026	MOV Movado Group	Initiated Coverage	$24.00	$30.00	Outperform
1/6/2026	ALLT Allot	Set Price Target	$10.00	$18.00
1/6/2026	NXT Nextpower	Set Price Target	$116.00	$111.00
1/6/2026	EU enCore Energy	Upgrade	$3.00		Strong-Buy
1/6/2026	NXT Nextpower	Upgrade	$116.00		Hold ➝ Strong-Buy
1/6/2026	EU enCore Energy	Upgrade	C$4.00		Strong-Buy
1/6/2026	EU enCore Energy	Initiated Coverage	$3.00	$3.50	Outperform
1/5/2026	BLFS BioLife Solutions	Set Price Target	$22.00	$34.00
1/5/2026	SEI Solaris Energy Infrastructure	Set Price Target	$56.00	$70.00
1/5/2026	MEC Mayville Engineering	Downgrade	$20.00	$20.00	Outperform ➝ Market Perform
1/5/2026	PARK Park Dental Partners	Upgrade	$17.00		Strong-Buy
1/5/2026	PARK Park Dental Partners	Initiated Coverage	$17.00	$21.50	Outperform
1/2/2026	SERV Serve Robotics	Reiterated Rating	$10.00	$26.00	Outperform ➝ Outperform
12/31/2025	TTI Tetra Technologies	Boost Price Target	$12.00	$8.50 ➝ $11.50	Outperform ➝ Outperform
12/31/2025	GEVO Gevo	Reiterated Rating	$2.00	$3.00	Outperform ➝ Outperform
12/31/2025	FTK Flotek Industries	Reiterated Rating	$18.00	$20.00	Outperform ➝ Outperform
12/30/2025	OWLT Owlet	Set Price Target	$12.00	$15.50 ➝ $20.00	Outperform ➝ Outperform
12/30/2025	PHIN PHINIA	Boost Price Target	$70.00	$65.00 ➝ $79.00	Outperform ➝ Outperform
12/30/2025	APLD Applied Digital	Reiterated Rating	$35.00	$40.00	Outperform ➝ Outperform
12/29/2025	DIBS 1stdibs.com	Initiated Coverage	$6.00	$7.00	Market Perform
12/29/2025	ENPH Enphase Energy	Boost Price Target	$36.00	$52.00 ➝ $62.00	Outperform ➝ Outperform
12/29/2025	SYNA Synaptics	Boost Price Target	$85.00	$85.00 ➝ $106.00	Outperform ➝ Outperform
12/29/2025	DIBS 1stdibs.com	Upgrade	$6.00		Hold
12/24/2025	CECO CECO Environmental	Boost Price Target	$68.00	$60.00 ➝ $73.00	Outperform ➝ Outperform
12/22/2025	FN Fabrinet	Set Price Target	$500.00	$600.00
12/22/2025	AXTI AXT	Set Price Target	$21.00	$20.00
12/12/2025	CIEN Ciena	Set Price Target	$268.00	$190.00	Outperform ➝ Market Perform
12/12/2025	CIEN Ciena	Downgrade	$268.00		Strong-Buy ➝ Hold
12/11/2025	AAOI Applied Optoelectronics	Set Price Target	$44.00	$45.00
12/11/2025	PL Planet Labs PBC	Set Price Target	$23.00	$17.00
12/9/2025	ALAB Astera Labs	Boost Price Target	$152.00	$175.00 ➝ $195.00	Outperform ➝ Outperform
12/4/2025	CRM Salesforce	Boost Price Target	$211.00	$264.00 ➝ $267.00	Market Perform ➝ Market Perform
12/3/2025	PSTG Pure Storage	Set Price Target	$70.00	$77.00
12/3/2025	POET POET Technologies	Set Price Target	$6.00	$8.00
12/3/2025	LITE Lumentum	Set Price Target	$423.00	$350.00
12/2/2025	SYNA Synaptics	Initiated Coverage	$85.00	$85.00	Outperform
12/2/2025	SYNA Synaptics	Upgrade	$85.00		Strong-Buy
12/1/2025	GEVO Gevo	Initiated Coverage	$2.00	$3.00	Outperform
12/1/2025	GEVO Gevo	Upgrade	$2.00		Strong-Buy
11/26/2025	NTNX Nutanix	Lower Price Target	$40.00	$76.00 ➝ $53.00	Market Perform ➝ Market Perform
11/26/2025	NTAP NetApp	Upgrade	$97.00		Hold ➝ Strong-Buy
11/26/2025	NTAP NetApp	Set Price Target	$97.00	$120.00 ➝ $137.00	Market Perform ➝ Outperform
11/26/2025	CLFD Clearfield	Upgrade	$30.00	$45.00	Market Perform ➝ Outperform
11/25/2025	SYM Symbotic	Boost Price Target	$54.00	$56.00 ➝ $70.00	Outperform ➝ Outperform
11/25/2025	GDOT Green Dot	Set Price Target	$12.00	$14.25	Outperform ➝ Market Perform
11/25/2025	GDOT Green Dot	Downgrade	$12.00		Strong-Buy ➝ Hold
11/21/2025	ISSC Innovative Solutions and Support	Initiated Coverage	$19.00	$16.50	Outperform
11/21/2025	ISSC Innovative Solutions and Support	Upgrade	$19.00		Strong-Buy
11/20/2025	PANW Palo Alto Networks	Boost Price Target	$175.00	$177.00 ➝ $190.00	Market Perform ➝ Market Perform
11/20/2025	OLPX Olaplex	Initiated Coverage	$2.00	$2.00	Outperform
11/20/2025	OLPX Olaplex	Upgrade	$2.00		Strong-Buy
11/19/2025	SEMR SEMrush	Downgrade	$12.00		Strong-Buy ➝ Hold
11/17/2025	ENVX Enovix	Set Price Target	$7.00	$16.00
11/17/2025	DEFT DeFi Technologies	Set Price Target	$1.00	$2.50
11/17/2025	BTBT Bit Digital	Set Price Target	$2.00	$5.00
11/17/2025	AIRG Airgain	Lower Price Target	$4.00	$8.00 ➝ $7.00	Outperform ➝ Outperform
11/17/2025	AAOI Applied Optoelectronics	Boost Price Target	$44.00	$30.00 ➝ $35.00	Outperform ➝ Outperform
11/17/2025	ALAB Astera Labs	Set Price Target	$152.00	$175.00
11/17/2025	ALAB Astera Labs	Upgrade	$152.00	$175.00	Market Perform ➝ Outperform
11/14/2025	OWLT Owlet	Set Price Target	$12.00	$15.50
11/14/2025	ZSPC zSpace	Downgrade	$0.00		Strong-Buy ➝ Hold
11/14/2025	QMCO Quantum	Upgrade	$6.00	$13.00	Market Perform ➝ Outperform
11/13/2025	IDN Intellicheck	Upgrade	$6.00	$7.00	Market Perform ➝ Outperform
11/13/2025	IDN Intellicheck Mobilisa	Upgrade	$6.00		Hold ➝ Strong-Buy
11/13/2025	WTTR Select Water Solutions	Downgrade	$12.00	$12.00	Outperform ➝ Market Perform
11/12/2025	QUIK QuickLogic	Downgrade	$7.00		Outperform ➝ Market Perform
11/12/2025	BWAY Brainsway	Boost Price Target	$23.00	$19.00 ➝ $23.00	Outperform ➝ Outperform
11/12/2025	NBIS Nebius Group	Boost Price Target	$88.00	$206.00 ➝ $211.00	Outperform ➝ Outperform
11/10/2025	MNR Mach Natural Resources	Set Price Target	$12.00	$20.00
11/10/2025	DKNG DraftKings	Upgrade	$27.00		Under Perform ➝ Market Perform
11/6/2025	COHR Coherent	Downgrade	$222.00	$125.00	Outperform ➝ Market Perform
11/5/2025	SMCI Super Micro Computer	Set Price Target	$30.00	$63.00
11/5/2025	OUST Ouster	Set Price Target	$20.00	$38.00
11/5/2025	LITE Lumentum	Set Price Target	$423.00	$250.00