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Draganfly ( (TSE:DPRO) ) has provided an announcement.
Draganfly Inc. has announced a significant sale of its Commander 3XL Unmanned Aerial Vehicle systems to a leading defense contractor specializing in persistent surveillance technologies. This strategic military order marks a milestone for Draganfly as it expands its presence in the defense sector, enhancing its capabilities in military and border surveillance systems. The integration of the Commander 3XL into advanced surveillance platforms underscores its versatility and ability to adapt to evolving threat landscapes, potentially increasing the company’s influence and market positioning in the defense industry.
The most recent analyst rating on (TSE:DPRO) stock is a Buy with a C$7.00 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 is driven primarily by its weak financial performance, which is a major risk factor due to negative cash flows and profitability challenges. This is partially offset by strong technical indicators and strategic initiatives highlighted in the earnings call and corporate events, which suggest potential for future growth. However, the valuation remains a concern due to the negative P/E ratio.
To see Spark’s full report on TSE:DPRO stock, click here.
More about Draganfly
Draganfly Inc. is a leader in cutting-edge drone solutions and software, recognized for innovation and excellence for over 25 years. The company delivers award-winning technology to various markets including public safety, agriculture, industrial inspection, security, mapping, and surveying, aiming to provide efficient solutions and first-class services globally.
Average Trading Volume: 53,801
Technical Sentiment Signal: Buy
Current Market Cap: C$40.7M
See more insights into DPRO stock on TipRanks’ Stock Analysis page.