Find out why Zacks has given PDYN a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Explore how defense traction, AI innovation and strong liquidity are balanced against commercialization risks and competitive pressure.
PDYN's AI/ML software products, Palladyne IQ and Palladyne Pilot, have strong growth prospects across diverse industries, justifying a Buy rating with a $15 target price. Palladyne IQ targets stationary industrial robots, while Palladyne Pilot focuses on mobile platforms like drones, with both nearing commercialization and generating government contract revenues. The partnership with Red Cat boosts Palladyne Pilot, embedding it in Teal drones and enhancing its market reach, especially with the US Army's SRR Program.
As AI innovations progress at a dizzying pace, the next great investments will be in real-world AI and robotics. Stock Strategist Andrew Rocco explains how robots will increase efficiency, save money, and disrupt legacy businesses in the near future.
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6 May 2025 Date | | - Cons. EPS | 0.55 EPS |
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Software - Infrastructure Industry | Technology Sector | Benjamin G. Wolff CEO | NASDAQ (NMS) Exchange | US80359A2050 ISIN |
US Country | 71 Employees | - Last Dividend | 6 Jul 2023 Last Split | 27 Sep 2021 IPO Date |
Palladyne AI Corp., initially known as Sarcos Technology and Robotics Corporation before its name change in March 2024, is an innovative software company established in 2017. Primarily based in Salt Lake City, Utah, the company specializes in advancing the capabilities of stationary and mobile robotic systems through its state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) software platforms. By focusing on enhancing the utility and functionality of third-party robotic systems within the United States, Palladyne AI Corp. caters to a diverse range of industries including industrial manufacturing, warehousing and logistics, defense, infrastructure maintenance and repair, energy, aerospace, and aviation. The core of the company's offerings lies in enabling robotic systems to comprehend their surroundings, learn from experiences, and adapt to changing conditions with minimal direct programming and training, thereby revolutionizing the way these systems operate in various environments.
This platform stands at the forefront of Palladyne AI Corp.'s offerings, designed to imbue robots with the ability to observe, learn from, and interact with both structured and unstructured environments. Its unique proposition is the facilitation of real-time, dynamic operations that allow robotic systems to adapt swiftly to new challenges without the need for extensive programming. By generalizing experiences, these robots can perform functions across a wide spectrum of industries with enhanced efficiency and minimal human intervention.