Spectral AI (NASDAQ:MDAI) Given “Buy” Rating at BTIG Research

BTIG Research restated their buy rating on shares of Spectral AI (NASDAQ:MDAI) in a research note published on Wednesday,Benzinga reports. They currently have a $3.00 price objective on the stock.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Spectral AI in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.25.

Spectral AI Stock Performance

Shares of NASDAQ MDAI opened at $1.54 on Wednesday. The company has a 50 day simple moving average of $1.53 and a two-hundred day simple moving average of $1.75. Spectral AI has a fifty-two week low of $1.04 and a fifty-two week high of $3.21. The company has a market capitalization of $47.26 million, a price-to-earnings ratio of -4.97 and a beta of 0.98.

Spectral AI (NASDAQ:MDAI) last issued its quarterly earnings results on Tuesday, March 24th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.15. The company had revenue of $3.85 million during the quarter, compared to the consensus estimate of $2.91 million. On average, analysts forecast that Spectral AI will post -0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spectral AI

Several hedge funds and other institutional investors have recently modified their holdings of the company. DNB Asset Management AS purchased a new stake in Spectral AI during the second quarter valued at $107,000. State Street Corp boosted its position in Spectral AI by 90.9% in the fourth quarter. State Street Corp now owns 75,600 shares of the company’s stock worth $107,000 after purchasing an additional 36,000 shares during the last quarter. Jane Street Group LLC purchased a new position in Spectral AI in the fourth quarter worth about $75,000. Geode Capital Management LLC grew its stake in shares of Spectral AI by 19.0% during the 4th quarter. Geode Capital Management LLC now owns 216,558 shares of the company’s stock valued at $308,000 after purchasing an additional 34,597 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Spectral AI during the 2nd quarter valued at about $104,000. 67.08% of the stock is owned by institutional investors.

Key Headlines Impacting Spectral AI

Here are the key news stories impacting Spectral AI this week:

• Positive Sentiment: Q4 2025 results beat expectations — Spectral reported $0.02 EPS (vs. consensus around -$0.12/-$0.13) and Q4 revenue of ~$3.8M, above Street estimates, signaling better near-term performance than feared. MarketBeat Earnings Summary
• Positive Sentiment: Stronger cash position and substantial non‑dilutive BARDA funding — cash increased to $15.4M year‑end and the company received $31.7M from BARDA to accelerate DeepView development, improving runway and reducing near‑term financing risk. Quiver Quant Summary
• Positive Sentiment: Analyst support — BTIG reaffirmed a “Buy” rating with a $3.00 price target, signaling bullish analyst view and potential upside if commercialization milestones progress. Benzinga Report
• Neutral Sentiment: Regulatory progress — the company submitted a De Novo 510(k) for the DeepView® System (burn indication), an important step but not an approval — timing and outcome remain uncertain. GlobeNewswire Press Release
• Neutral Sentiment: Conference call and transcripts available — management held the earnings call and published transcripts, useful for investors wanting detail on commercialization timing and expense management. Yahoo Earnings Transcript
• Neutral Sentiment: Short-interest data appears inconsistent — filings show anomalous zero/NaN figures for March, which likely reflect reporting quirks rather than a clear bearish positioning signal. MarketBeat Short Interest
• Negative Sentiment: 2026 guidance and revenue mix raise concerns — management guided to ~ $18.5M revenue for 2026 that primarily reflects BARDA development revenue and explicitly excludes material sales of the DeepView System, underscoring that commercialization-driven revenue is not yet expected. FinanzNachrichten Article
• Negative Sentiment: R&D revenue decline and one‑time accounting effects — R&D revenue fell year‑over‑year as BARDA contract base phase wound down, and Q4 net income included a $4.0M gain from warrant‑liability revaluation (a non‑operational item); FY results still show a net loss, highlighting operational profitability risk. Quiver Quant Summary

Spectral AI Company Profile

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.