Is Northland Capital Markets a reliable analyst?

In short — Over 1 year, 71% of Northland Capital Markets's targets proved profitable, for an average gain of +49.9% per call (all calls, winners and losers) — i.e. +25.6% vs its sector, across 93 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.

71%profitable calls

+49.9%avg gain / call

+25.6%vs sector

93scored calls

In which sectors is Northland Capital Markets reliable?

Sector

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ Tech

68.7%

+53.1%

+59.4%

+20.4% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NTAP	▲ Outperform	May 29, 26	May 29, 27	$179.7	🎯$171	$165.78	-5%	-8% so far
NTAP	▲ Outperform	Nov 26, 25	Nov 26, 26	$111.56	🎯$137	$165.78	+23%	+49% so far
COHR	▲ Outperform	Jun 2, 25	Jun 2, 26	$80.5	🎯$85	$417.8	+6%	+418.6%
CRM	▲ Outperform	May 29, 25	May 29, 26	$265.37	🎯$396	$209.64	+49%	-21%
COHR	▲ Outperform	Apr 7, 25	Apr 7, 26	$51.39	🎯$80	$281.62	+56%	+448.3%
CIEN	▲ Outperform	Mar 12, 25	Mar 12, 26	$62.31	🎯$75	$337.1	+20%	+441.5%
TER	▲ Outperform	Jan 31, 25	Jan 31, 26	$115.79	🎯$140	$250.11	+21%	+115.5%
STX	▲ Outperform	Jan 22, 25	Jan 22, 26	$108.18	🎯$160	$346.18	+48%	+220.3%

Sample (6 recent finished + 2 in progress) of 67 calls.

▸ Industry

80%

+37.9%

+38.1%

-25.8% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AXON	▲ Outperform	Aug 5, 25	Aug 5, 26	$863.65	🎯$800	$640.46	-7%	-26% so far
AXON	▲ Outperform	May 8, 25	May 8, 26	$684.59	🎯$640	$397.06	-7%	-42.4%
AXON	▲ Outperform	Nov 11, 24	Nov 11, 25	$616.14	🎯$550	$573.01	-11%	-7.1%
PWR	▲ Outperform	Nov 1, 24	Nov 1, 25	$304.32	🎯$328	$450.39	+8%	+48.1%
AXON	▲ Outperform	Aug 8, 24	Aug 8, 25	$365	🎯$365	$817.6	+0%	+124.3%
PWR	▲ Outperform	Aug 2, 24	Aug 2, 25	$239.58	🎯$280	$392.91	+17%	+64.3%
GNRC	▲ Outperform	Aug 1, 24	Aug 1, 25	$145.5	🎯$180	$193.52	+24%	+33.1%
AXON	▲ Outperform	Aug 11, 23	Aug 10, 24	$206.62	🎯$235	$367.78	+14%	+78.1%

Sample (7 recent finished + 1 in progress) of 15 calls.

The stocks Northland Capital Markets covers (track record per stock)

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ SMCI Supermicro

66.7%

+120.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
SMCI	▲ Outperform	Mar 25, 24	Mar 25, 25	$104.28	🎯$1300	$40.67	+1147%	-61%
SMCI	▲ Outperform	Jan 30, 24	Jan 29, 25	$52.96	🎯$625	$28.6	+1080%	-45.9%
SMCI	▲ Outperform	Jul 21, 23	Jul 20, 24	$30.94	🎯$345	$78.59	+1015%	+154.2%
SMCI	▲ Outperform	Feb 1, 23	Feb 1, 24	$8.19	🎯$175	$57.99	+2037%	+607.9%
SMCI	▲ Outperform	May 5, 21	May 5, 22	$3.63	🎯$50	$5.3	+1277%	+46.3%
SMCI	▲ Outperform	Jun 11, 20	Jun 11, 21	$2.92	🎯$49	$3.62	+1578%	+24%

▸ CIEN Ciena

83.3%

+93.6%

+108.7%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CIEN	▲ Outperform	Mar 12, 25	Mar 12, 26	$62.31	🎯$75	$337.1	+20%	+441.5%
CIEN	▲ Outperform	Jun 4, 21	Jun 4, 22	$60.01	🎯$51	$49.21	-15%	-17.7%
CIEN	▲ Outperform	Mar 4, 21	Mar 4, 22	$48.87	🎯$45	$65.97	-8%	+34.9%
CIEN	▲ Outperform	Dec 10, 20	Dec 10, 21	$46.1	🎯$40	$73.3	-13%	+59.1%
CIEN	▲ Outperform	Sep 4, 20	Sep 4, 21	$44.28	🎯$42	$55.79	-5%	+25.6%
CIEN	▲ Outperform	Apr 15, 19	Apr 14, 20	$38.4	—	$45.31	—	+18%
CIEN	▲ Outperform	Nov 21, 14	Nov 21, 15	$16.47	🎯$20	$24.87	+21%	+51.1%
CIEN	▲ Outperform	Sep 5, 13	Sep 5, 14	$23.56	🎯$28	$19.32	+19%	-17.7%

▸ TER Teradyne

100%

+62.0%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
TER	▲ Outperform	Jan 31, 25	Jan 31, 26	$115.79	🎯$140	$250.11	+21%	+115.5%
TER	▲ Outperform	Jan 6, 25	Jan 6, 26	$140	🎯$154	$228.2	+10%	+63.5%
TER	▲ Outperform	Oct 26, 23	Oct 25, 24	$83.84	🎯$126	$111.51	+50%	+32.8%
TER	▲ Outperform	Sep 26, 23	Sep 25, 24	$95.83	🎯$126	$130.33	+31%	+36.3%

▸ PWR Quanta Services

100%

+49.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PWR	▲ Outperform	Nov 1, 24	Nov 1, 25	$304.32	🎯$328	$450.39	+8%	+48.1%
PWR	▲ Outperform	Aug 2, 24	Aug 2, 25	$239.58	🎯$280	$392.91	+17%	+64.3%
PWR	▲ Outperform	May 18, 23	May 17, 24	$171.89	🎯$190	$264.71	+11%	+53.8%
PWR	▲ Outperform	Apr 6, 23	Apr 5, 24	$161.54	🎯$154	$261.69	-5%	+62.4%
PWR	▲ Outperform	Feb 25, 23	Feb 25, 24	$162.9	🎯$154	$236.21	-5%	+44.7%
PWR	▲ Outperform	Nov 5, 21	Nov 5, 22	$119.8	🎯$149	$147.35	+24%	+22.9%
PWR	▲ Outperform	Sep 3, 21	Sep 3, 22	$116	🎯$129	$140.36	+11%	+20.9%
PWR	▲ Outperform	Oct 30, 20	Oct 30, 21	$66.45	🎯$71	$120.94	+7%	+82.1%

▸ AMD Advanced Micro Devices

87.5%

+50.9%

+44.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AMD	▲ Outperform	Jan 31, 24	Jan 30, 25	$170.48	🎯$195	$115.93	+14%	-32%
AMD	▲ Outperform	Jul 5, 23	Jul 4, 24	$113.95	🎯$150	$172.06	+32%	+50.9%
AMD	▲ Outperform	Oct 10, 22	Oct 10, 23	$57.63	🎯$80	$108.34	+39%	+87.9%
AMD	▲ Outperform	Aug 3, 22	Aug 3, 23	$103.91	🎯$105	$115.34	+1%	+11.5%
AMD	▲ Outperform	Jun 30, 22	Jun 30, 23	$76.47	🎯$95	$113.94	+24%	+49%
AMD	▲ Outperform	Mar 25, 21	Mar 25, 22	$76.22	🎯$96	$119.67	+26%	+57%
AMD	▲ Outperform	Mar 13, 20	Mar 13, 21	$43.9	🎯$52.5	$82.53	+20%	+87.9%
AMD	▲ Outperform	Jun 9, 15	Jun 8, 16	$2.29	🎯$5	$4.47	+118%	+94.8%

▸ AXON Axon Enterprise

50%

+38.2%

-25.8% (1)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
AXON	▲ Outperform	Aug 5, 25	Aug 5, 26	$863.65	🎯$800	$640.46	-7%	-26% so far
AXON	▲ Outperform	May 8, 25	May 8, 26	$684.59	🎯$640	$397.06	-7%	-42.4%
AXON	▲ Outperform	Nov 11, 24	Nov 11, 25	$616.14	🎯$550	$573.01	-11%	-7.1%
AXON	▲ Outperform	Aug 8, 24	Aug 8, 25	$365	🎯$365	$817.6	+0%	+124.3%
AXON	▲ Outperform	Aug 11, 23	Aug 10, 24	$206.62	🎯$235	$367.78	+14%	+78.1%

▸ STX Seagate Technology

62.5%

+36.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
STX	▲ Outperform	Jan 22, 25	Jan 22, 26	$108.18	🎯$160	$346.18	+48%	+220.3%
STX	▲ Outperform	Jul 24, 24	Jul 24, 25	$103.96	🎯$142	$150.74	+37%	+45.1%
STX	▲ Outperform	Apr 21, 23	Apr 20, 24	$57.01	🎯$70	$84.94	+23%	+49.4%
STX	▲ Outperform	Jan 26, 23	Jan 26, 24	$69.01	🎯$74	$90.4	+7%	+31.1%
STX	▲ Outperform	Sep 1, 22	Sep 1, 23	$65.47	🎯$88	$70.71	+34%	+8.3%
STX	▲ Outperform	Mar 22, 22	Mar 22, 23	$93.67	🎯$113	$60.89	+21%	-35.4%
STX	▲ Outperform	Jul 22, 21	Jul 22, 22	$85.48	🎯$106	$76.93	+24%	-10.5%
STX	▲ Outperform	Jun 24, 21	Jun 24, 22	$86.5	🎯$98	$74.39	+13%	-14.2%

▸ NTAP NetApp

57.1%

+29.2%

+20.4% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NTAP	▲ Outperform	May 29, 26	May 29, 27	$179.7	🎯$171	$165.78	-5%	-8% so far
NTAP	▲ Outperform	Nov 26, 25	Nov 26, 26	$111.56	🎯$137	$165.78	+23%	+49% so far
NTAP	▲ Outperform	Aug 24, 23	Aug 23, 24	$74.72	🎯$88	$132.25	+18%	+77.3%
NTAP	▲ Outperform	Jun 1, 23	May 31, 24	$71.96	🎯$89	$120.17	+24%	+67.4%
NTAP	▲ Outperform	Nov 30, 22	Nov 30, 23	$68.07	🎯$99	$91.21	+45%	+34.1%
NTAP	▲ Outperform	Jun 2, 22	Jun 2, 23	$71.11	🎯$101	$70.4	+42%	-1.2%
NTAP	▲ Outperform	Mar 23, 22	Mar 23, 23	$87.22	🎯$124	$61.93	+42%	-29.4%
NTAP	▲ Outperform	Dec 1, 21	Dec 1, 22	$89.46	🎯$111	$67.99	+24%	-23.9%

▸ PANW Palo Alto Networks

80%

+22.5%

+28.6%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
PANW	▲ Outperform	Jul 12, 23	Jul 11, 24	$119.5	🎯$305	$168.5	+155%	+40.8%
PANW	▲ Outperform	Aug 23, 22	Aug 23, 23	$94.92	🎯$733	$117.7	+672%	+24.1%
PANW	▲ Outperform	Sep 14, 21	Sep 14, 22	$79.99	🎯$585	$89.59	+631%	+12.3%
PANW	▲ Outperform	May 21, 21	May 21, 22	$60.75	🎯$440	$83.23	+624%	+37.2%
PANW	▲ Outperform	Jan 21, 16	Jan 20, 17	$24.1	🎯$200	$23.62	+730%	-1.7%
PANW	▲ Outperform	Jul 2, 14	Jul 2, 15	$13.65	🎯$95	$28.94	+596%	+112.4%
PANW	▲ Outperform	Mar 7, 13	Mar 7, 14	$9.4	—	$12.88	—	+36.8%

▸ INTC Intel

50%

+10.2%

+11.9%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
INTC	▲ Outperform	Nov 1, 24	Nov 1, 25	$22.52	🎯$28	$39.41	+24%	+75.4%
INTC	▲ Outperform	Aug 2, 24	Aug 2, 25	$20.11	🎯$42	$19.51	+109%	-3%
INTC	▲ Outperform	Oct 4, 23	Oct 3, 24	$35.89	🎯$56	$22.61	+56%	-37.1%
INTC	▲ Outperform	Jan 27, 23	Jan 27, 24	$27.95	🎯$45	$43.88	+61%	+56.9%
INTC	▲ Outperform	Oct 10, 22	Oct 10, 23	$25.04	🎯$52	$36.81	+108%	+47.3%
INTC	▲ Outperform	Jan 5, 22	Jan 5, 23	$53.87	🎯$62	$27.47	+15%	-48.8%
INTC	▼ Underperform	Jul 24, 20	Jul 24, 21	$50.59	—	$54.13	—	-7.3%
INTC	▲ Outperform	Oct 25, 19	Oct 24, 20	$56.46	🎯$69	$46.86	+22%	-17.2%

Sample (8 recent finished + 0 in progress) of 10 calls.

▸ LITE Lumentum

50%

+2.9%

-10.2%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
LITE	▲ Outperform	Mar 9, 22	Mar 9, 23	$93.46	🎯$120	$51.4	+28%	-44.8%
LITE	▲ Outperform	May 13, 21	May 13, 22	$70.05	🎯$90	$86.86	+28%	+24.5%
LITE	▲ Outperform	Dec 11, 17	Dec 11, 18	$53.5	—	$44.41	—	-17.4%
LITE	▲ Outperform	Aug 18, 15	Aug 17, 16	$21.44	🎯$27.5	$31.95	+28%	+49.3%

▸ CRM Salesforce

25%

-13.7%

-22.8%

—

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
CRM	▲ Outperform	May 29, 25	May 29, 26	$265.37	🎯$396	$209.64	+49%	-21%
CRM	▲ Outperform	Dec 4, 24	Dec 4, 25	$367.87	🎯$440	$246.47	+20%	-32.7%
CRM	▲ Outperform	Oct 2, 24	Oct 2, 25	$279.48	🎯$400	$237.56	+43%	-14.5%
CRM	▲ Outperform	Jul 8, 15	Jul 7, 16	$69.39	🎯$85	$79.1	+22%	+13.5%
CRM	▲ Buy	Oct 10, 14	Oct 10, 15	$54.77	🎯$70	$76.13	+28%	+38.5%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.