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
1/15/2026	DPRO Draganfly	Set Price Target	$10.00	$20.00
1/14/2026	REAL RealReal	Set Price Target	$17.00	$20.00
1/13/2026	PL Planet Labs PBC	Set Price Target	$29.00	$28.00
1/13/2026	CLSK Cleanspark	Initiated Coverage	$13.00	$22.50	Outperform
1/7/2026	LINC Lincoln Educational Services	Set Price Target	$26.00	$28.00
1/7/2026	LEU Centrus Energy	Set Price Target	$331.00	$325.00
1/7/2026	MOV Movado Group	Initiated Coverage	$23.00	$30.00	Outperform
1/6/2026	ALLT Allot	Set Price Target	$10.00	$18.00
1/6/2026	NXT Nextpower	Set Price Target	$96.00	$111.00
1/6/2026	EU enCore Energy	Initiated Coverage	$3.00	$3.50	Outperform
1/5/2026	BLFS BioLife Solutions	Set Price Target	$24.00	$34.00
1/5/2026	SEI Solaris Energy Infrastructure	Set Price Target	$57.00	$70.00
1/5/2026	MEC Mayville Engineering	Downgrade	$19.00	$20.00	Outperform ➝ Market Perform
1/5/2026	PARK Park Dental Partners	Initiated Coverage	$15.00	$21.50	Outperform
1/2/2026	SERV Serve Robotics	Reiterated Rating	$15.00	$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	$17.00	$20.00	Outperform ➝ Outperform
12/30/2025	OWLT Owlet	Set Price Target	$14.00	$15.50 ➝ $20.00	Outperform ➝ Outperform
12/30/2025	PHIN PHINIA	Boost Price Target	$69.00	$65.00 ➝ $79.00	Outperform ➝ Outperform
12/30/2025	APLD Applied Digital	Reiterated Rating	$37.00	$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	$35.00	$52.00 ➝ $62.00	Outperform ➝ Outperform
12/29/2025	SYNA Synaptics	Boost Price Target	$91.00	$85.00 ➝ $106.00	Outperform ➝ Outperform
12/24/2025	CECO CECO Environmental	Boost Price Target	$67.00	$60.00 ➝ $73.00	Outperform ➝ Outperform
12/22/2025	FN Fabrinet	Set Price Target	$494.00	$600.00
12/22/2025	AXTI AXT	Set Price Target	$22.00	$20.00
12/12/2025	CIEN Ciena	Set Price Target	$244.00	$190.00	Outperform ➝ Market Perform
12/11/2025	AAOI Applied Optoelectronics	Set Price Target	$37.00	$45.00
12/11/2025	PL Planet Labs PBC	Set Price Target	$29.00	$17.00
12/9/2025	ALAB Astera Labs	Boost Price Target	$182.00	$175.00 ➝ $195.00	Outperform ➝ Outperform
12/4/2025	CRM Salesforce	Boost Price Target	$227.00	$264.00 ➝ $267.00	Market Perform ➝ Market Perform
12/3/2025	PSTG Pure Storage	Set Price Target	$73.00	$77.00
12/3/2025	POET POET Technologies	Set Price Target	$8.00	$8.00
12/3/2025	LITE Lumentum	Set Price Target	$324.00	$350.00
12/2/2025	SYNA Synaptics	Initiated Coverage	$91.00	$85.00	Outperform
12/1/2025	GEVO Gevo	Initiated Coverage	$2.00	$3.00	Outperform
11/26/2025	NTNX Nutanix	Lower Price Target	$46.00	$76.00 ➝ $53.00	Market Perform ➝ Market Perform
11/26/2025	NTAP NetApp	Set Price Target	$104.00	$120.00 ➝ $137.00	Market Perform ➝ Outperform
11/26/2025	CLFD Clearfield	Upgrade	$31.00	$45.00	Market Perform ➝ Outperform
11/25/2025	SYM Symbotic	Boost Price Target	$67.00	$56.00 ➝ $70.00	Outperform ➝ Outperform
11/25/2025	GDOT Green Dot	Set Price Target	$12.00	$14.25	Outperform ➝ Market Perform
11/21/2025	ISSC Innovative Solutions and Support	Initiated Coverage	$22.00	$16.50	Outperform
11/20/2025	PANW Palo Alto Networks	Boost Price Target	$188.00	$177.00 ➝ $190.00	Market Perform ➝ Market Perform
11/20/2025	OLPX Olaplex	Initiated Coverage	$2.00	$2.00	Outperform
11/17/2025	ENVX Enovix	Set Price Target	$8.00	$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	$37.00	$30.00 ➝ $35.00	Outperform ➝ Outperform
11/17/2025	ALAB Astera Labs	Set Price Target	$182.00	$175.00
11/17/2025	ALAB Astera Labs	Upgrade	$182.00	$175.00	Market Perform ➝ Outperform
11/14/2025	OWLT Owlet	Set Price Target	$14.00	$15.50
11/14/2025	QMCO Quantum	Upgrade	$8.00	$13.00	Market Perform ➝ Outperform
11/13/2025	IDN Intellicheck	Upgrade	$6.00	$7.00	Market Perform ➝ Outperform
11/13/2025	WTTR Select Water Solutions	Downgrade	$12.00	$12.00	Outperform ➝ Market Perform
11/12/2025	QUIK QuickLogic	Downgrade	$8.00		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	$109.00	$206.00 ➝ $211.00	Outperform ➝ Outperform
11/10/2025	MNR Mach Natural Resources	Set Price Target	$11.00	$20.00
11/10/2025	DKNG DraftKings	Upgrade	$33.00		Under Perform ➝ Market Perform
11/6/2025	COHR Coherent	Downgrade	$191.00	$125.00	Outperform ➝ Market Perform
11/5/2025	SMCI Super Micro Computer	Set Price Target	$33.00	$63.00
11/5/2025	OUST Ouster	Set Price Target	$26.00	$38.00
11/5/2025	LITE Lumentum	Set Price Target	$324.00	$250.00
11/5/2025	HUT Hut 8	Set Price Target	$60.00	$58.00
11/5/2025	CXDO Crexendo	Set Price Target	$7.00	$10.00
11/5/2025	QLYS Qualys	Set Price Target	$135.00	$162.00
11/4/2025	FN Fabrinet	Set Price Target	$494.00	$550.00
11/4/2025	CIFR Cipher Mining	Set Price Target	$19.00	$27.50
11/4/2025	BWXT BWX Technologies	Set Price Target	$218.00	$225.00
11/4/2025	ALVO Alvotech	Set Price Target	$5.00	$10.00
11/4/2025	PLTR Palantir Technologies	Boost Price Target	$171.00	$14.00 ➝ $18.50
10/31/2025	SPSC SPS Commerce	Set Price Target	$90.00	$109.00
10/31/2025	INDV Indivior	Set Price Target	$33.00	$40.00
10/31/2025	COMM CommScope	Set Price Target	$19.00	$25.00
10/31/2025	BELFB Bel Fuse	Set Price Target	$200.00	$188.00
10/31/2025	AXTI AXT	Set Price Target	$22.00	$10.00
10/30/2025	TTI Tetra Technologies	Set Price Target	$12.00	$8.50
10/30/2025	KDK Kodiak AI	Set Price Target	$10.00	$17.00
10/30/2025	FORM FormFactor	Set Price Target	$78.00	$44.00
10/30/2025	TER Teradyne	Set Price Target	$228.00	$186.00
10/29/2025	WULF TeraWulf	Set Price Target	$14.00	$23.25
10/29/2025	METC Ramaco Resources	Set Price Target	$21.00	$44.00
10/27/2025	URG Ur Energy	Initiated Coverage	$2.00	$2.15	Outperform
10/24/2025	NOK Nokia	Set Price Target	$7.00	$7.50
10/24/2025	SMCI Super Micro Computer	Boost Price Target	$33.00	$59.00 ➝ $67.00
10/23/2025	TRNS Transcat	Set Price Target	$63.00	$95.00
10/20/2025	CECO CECO Environmental	Set Price Target	$67.00	$60.00
10/17/2025	WULF TeraWulf	Set Price Target	$14.00	$16.25
10/15/2025	GDOT Green Dot	Set Price Target	$12.00	$18.00
10/14/2025	MNR Mach Natural Resources	Set Price Target	$11.00	$21.00
10/14/2025	CRM Salesforce	Downgrade	$227.00	$264.00	Outperform ➝ Market Perform
10/13/2025	BITF Bitfarms	Set Price Target	$3.00	$7.00
10/13/2025	DKNG DraftKings	Set Price Target	$33.00	$30.00
10/13/2025	SERV Serve Robotics	Set Price Target	$15.00	$26.00
10/10/2025	APLD Applied Digital	Boost Price Target	$37.00	$40.00	Outperform ➝ Outperform
10/9/2025	SEI Solaris Energy Infrastructure	Set Price Target	$57.00	$61.00
10/9/2025	NTNX Nutanix	Set Price Target	$46.00	$76.00
10/9/2025	METC Ramaco Resources	Initiated Coverage	$21.00	$50.00	Outperform