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
6/18/2026	SEZL Sezzle	Set Price Target	$163.00	$110.00 ➝ $160.00	Outperform ➝ Outperform
6/17/2026	AMBA Ambarella	Set Price Target	$70.00	$101.00
6/17/2026	APLD Applied Digital	Set Price Target	$47.00	$56.00 ➝ $82.00	Outperform ➝ Outperform
6/17/2026	LPRO Open Lending	Set Price Target	$3.00	$3.15
6/16/2026	LPRO Open Lending	Downgrade	$3.00		Strong-Buy ➝ Hold
6/15/2026	PAYO Payoneer Global	Set Price Target	$7.00	$7.40
6/15/2026	PAYO Payoneer Global	Downgrade	$7.00		Strong-Buy ➝ Hold
6/15/2026	AVNW Aviat Networks	Upgrade	$20.00	$20.00 ➝ $25.00	Market Perform ➝ Outperform
6/12/2026	SEI Solaris Energy Infrastructure	Set Price Target	$83.00	$104.00
6/12/2026	PCT PureCycle Technologies	Set Price Target	$9.00	$13.00
6/12/2026	CECO CECO Environmental	Set Price Target	$99.00	$118.00
6/11/2026	CITR CitroTech	Initiated Coverage	$7.00	$16.00	Outperform
6/10/2026	BNED Barnes & Noble Education	Initiated Coverage	$11.00	$17.00	Outperform
6/9/2026	GHM Graham	Set Price Target	$111.00	$111.00
6/9/2026	VEON VEON	Initiated Coverage	$52.00	$70.00	Outperform
6/8/2026	PDYN Palladyne AI	Set Price Target	$7.00	$15.00
6/5/2026	CIEN Ciena	Set Price Target	$428.00	$450.00
6/5/2026	PL Planet Labs PBC	Set Price Target	$28.00	$50.00
6/3/2026	AXTI AXT	Set Price Target	$85.00	$125.00
6/3/2026	MXL MaxLinear	Set Price Target	$89.00	$110.00
6/3/2026	NOK Nokia	Set Price Target	$14.00	$20.00
6/3/2026	TE T1 Energy	Initiated Coverage	$9.00	$16.00	Outperform
6/3/2026	PANW Palo Alto Networks	Boost Price Target	$288.00	$190.00 ➝ $302.00	Market Perform ➝ Market Perform
6/3/2026	LITE Lumentum	Boost Price Target	$850.00	$1,000.00 ➝ $1,200.00	Outperform ➝ Outperform
6/2/2026	WT WisdomTree	Set Price Target	$18.00	$22.00
5/29/2026	NXT Nextpower	Boost Price Target	$126.00	$148.00 ➝ $162.00	Outperform ➝ Outperform
5/29/2026	AUR Aurora Innovation	Initiated Coverage	$6.00	$11.00	Outperform
5/29/2026	NTAP NetApp	Boost Price Target	$160.00	$137.00 ➝ $171.00	Outperform ➝ Outperform
5/28/2026	SATL Satellogic	Set Price Target	$6.00	$11.00
5/28/2026	LINC Lincoln Educational Services	Set Price Target	$48.00	$60.00
5/28/2026	NTNX Nutanix	Set Price Target	$47.00	$47.00
5/28/2026	P Everpure	Set Price Target	$75.00	$90.00
5/28/2026	SFIX Stitch Fix	Initiated Coverage	$4.00	$5.00	Outperform
5/27/2026	MOV Movado Group	Set Price Target	$38.00	$35.00
5/27/2026	GRPN Groupon	Set Price Target	$16.00	$26.00
5/26/2026	INTC Intel	Downgrade	$134.00		Outperform ➝ Market Perform
5/26/2026	SMTC Semtech	Downgrade	$158.00		Outperform ➝ Market Perform
5/26/2026	ALAB Astera Labs	Downgrade	$417.00		Outperform ➝ Market Perform
5/20/2026	XPOF Xponential Fitness	Upgrade	$7.00	$8.00	Market Perform ➝ Outperform
5/18/2026	EU enCore Energy	Set Price Target	$2.00	$3.75
5/15/2026	TGEN Tecogen	Set Price Target	$6.00	$7.50
5/15/2026	LGCY Legacy Education	Set Price Target	$11.00	$14.50
5/15/2026	EE Excelerate Energy	Set Price Target	$35.00	$48.00
5/15/2026	CXT Crane NXT	Upgrade	$47.00	$52.00	Market Perform ➝ Outperform
5/13/2026	EPM Evolution Petroleum	Set Price Target	$4.00	$4.50
5/13/2026	FLD Fold	Set Price Target	$1.00	$3.50
5/13/2026	SATL Satellogic	Set Price Target	$6.00	$9.00
5/13/2026	CAMT Camtek	Set Price Target	$195.00	$174.00
5/13/2026	AIP Arteris	Set Price Target	$44.00	$38.00
5/12/2026	URG Ur Energy	Set Price Target	$2.00	$2.35
5/12/2026	BW Babcock	Set Price Target	$17.00	$23.00
5/12/2026	HLIT Harmonic	Set Price Target	$15.00	$15.00
5/12/2026	DPRO Draganfly	Set Price Target	$6.00	$13.00
5/12/2026	LINC Lincoln Educational Services	Set Price Target	$48.00	$50.00
5/11/2026	SMR NuScale Power	Set Price Target	$12.00	$19.00
5/11/2026	KDK Kodiak AI	Set Price Target	$6.00	$11.00
5/11/2026	DKNG DraftKings	Set Price Target	$26.00	$27.00
5/11/2026	AMPX Amprius Technologies	Set Price Target	$16.00	$24.00
5/11/2026	FATN Fatpipe Inc/UT	Initiated Coverage	$5.00	$12.00	Outperform
5/8/2026	SYNA Synaptics	Set Price Target	$141.00	$123.00
5/7/2026	AIRG Airgain	Set Price Target	$7.00	$8.50
5/7/2026	WTTR Select Water Solutions	Set Price Target	$18.00	$21.00
5/7/2026	TYGO Tigo Energy	Set Price Target	$3.00	$6.40
5/7/2026	MEC Mayville Engineering	Set Price Target	$36.00	$30.00
5/7/2026	HUT Hut 8	Set Price Target	$124.00	$120.00
5/7/2026	UTI Universal Technical Institute	Set Price Target	$40.00	$41.00
5/7/2026	SRFM Surf Air Mobility	Initiated Coverage	$1.00	$5.00	Outperform
5/7/2026	COHR Coherent	Boost Price Target	$390.00	$170.00 ➝ $230.00
5/6/2026	VTS Vitesse Energy	Set Price Target	$16.00	$20.00
5/6/2026	ADTN ADTRAN	Set Price Target	$15.00	$18.00
5/6/2026	SMCI Super Micro Computer	Boost Price Target	$31.00	$22.00 ➝ $34.00
5/5/2026	AVNW Aviat Networks	Reiterated Rating	$20.00	$20.00	Outperform ➝ Market Perform
5/4/2026	WULF TeraWulf	Set Price Target	$29.00	$30.00
5/4/2026	BELFB Bel Fuse	Set Price Target	$296.00	$321.00
5/1/2026	VISN Vistance Networks	Set Price Target	$13.00	$17.00
4/30/2026	SEI Solaris Energy Infrastructure	Set Price Target	$83.00	$86.00
4/30/2026	FORM FormFactor	Set Price Target	$150.00	$118.00
4/29/2026	SEV Aptera Motors	Initiated Coverage	$2.00	$5.00	Outperform
4/27/2026	AMD Advanced Micro Devices	Reiterated Rating	$539.00	$260.00	Outperform ➝ Market Perform
4/24/2026	MXL MaxLinear	Set Price Target	$89.00	$55.00
4/23/2026	USAR USA Rare Earth	Initiated Coverage	$25.00	$45.00	Outperform
4/22/2026	CALX Calix	Downgrade	$38.00	$52.00	Outperform ➝ Market Perform
4/21/2026	AMBQ Ambiq Micro	Initiated Coverage	$91.00	$44.00	Outperform
4/20/2026	FN Fabrinet	Set Price Target	$574.00	$800.00
4/20/2026	LITE Lumentum	Set Price Target	$850.00	$1,000.00
4/20/2026	NOK Nokia	Set Price Target	$14.00	$13.00
4/20/2026	QUBT Quantum Computing	Initiated Coverage	$11.00	$20.00	Outperform
4/20/2026	RGTI Rigetti Computing	Initiated Coverage	$21.00	$20.00	Market Perform
4/20/2026	QBTS D-Wave Quantum	Initiated Coverage	$25.00	$22.00	Market Perform
4/20/2026	XNDU Xanadu Quantum Technologies Limited Class B Subordinate Voting Shares	Initiated Coverage	$13.00	$43.00	Outperform
4/20/2026	IONQ IonQ	Initiated Coverage	$56.00	$55.00	Outperform
4/16/2026	GEVO Gevo	Set Price Target	$2.00	$3.75 ➝ $3.50	Outperform ➝ Outperform
4/16/2026	NUAI New Era Energy & Digital	Initiated Coverage	$6.00	$11.00	Outperform
4/16/2026	NUAI New Era Energy & Digital	Initiated Coverage	$6.00	$11.00	Outperform
4/15/2026	MITK Mitek Systems	Set Price Target	$17.00	$17.00
4/13/2026	INTC Intel	Boost Price Target	$134.00	$54.00 ➝ $92.00	Outperform ➝ Outperform
4/10/2026	RELL Richardson Electronics	Set Price Target	$19.00	$14.00
4/9/2026	LINC Lincoln Educational Services	Set Price Target	$48.00	$44.00
4/9/2026	EXOD Exodus Movement	Set Price Target	$6.00	$15.00
4/9/2026	SPRY ARS Pharmaceuticals	Initiated Coverage	$10.00	$25.00	Outperform