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The latest update is out from Draganfly ( (TSE:DPRO) ).
Draganfly Inc. has appointed its Chief Executive Officer, Cameron Chell, as Executive Chairman of the board, succeeding Scott Larson, who will remain a board member. The leadership change consolidates executive and board roles under Chell, potentially strengthening strategic alignment as the company continues to expand its presence in key commercial and public-sector drone markets.
The most recent analyst rating on (TSE:DPRO) stock is a Hold with a C$13.50 price target. To see the full list of analyst forecasts on Draganfly stock, see the TSE:DPRO Stock Forecast page.
Spark’s Take on TSE:DPRO Stock
According to Spark, TipRanks’ AI Analyst, TSE:DPRO is a Neutral.
Draganfly’s overall stock score reflects a challenging financial situation with persistent losses and cash flow issues. However, strategic partnerships and recent corporate events in the defense sector provide a positive outlook. The technical analysis and valuation suggest caution, but the company’s strong cash position and growth initiatives offer potential for future improvement.
To see Spark’s full report on TSE:DPRO stock, click here.
More about Draganfly
Draganfly Inc. is an award-winning developer of drone solutions, software, and AI systems, recognized for more than 25 years as a technology leader. The company provides cutting-edge unmanned systems and related services to sectors including public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying, focusing on helping organizations operate more efficiently and effectively worldwide.
YTD Price Performance: 40.0%
Average Trading Volume: 59,574
Technical Sentiment Signal: Buy
Current Market Cap: C$311M
For a thorough assessment of DPRO stock, go to TipRanks’ Stock Analysis page.