Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Draganfly ( (TSE:DPRO) ) has provided an announcement.
Draganfly Inc. announced its strategic positioning to support Canada’s $2 billion military aid package to Ukraine, which includes $220 million for drone and electronic warfare capabilities. With a history of defense and humanitarian initiatives, Draganfly is well-equipped to contribute to this mission, enhancing its role in the defense sector and offering significant opportunities for shareholders.
The most recent analyst rating on (TSE:DPRO) stock is a Hold with a C$6.00 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 primarily impacted by its poor financial performance, with significant losses and cash flow issues. While technical analysis and earnings call insights provide some positive aspects, the valuation remains unattractive due to negative earnings.
To see Spark’s full report on TSE:DPRO stock, click here.
More about Draganfly
Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation. The company provides advanced drone technology for public safety, agriculture, industrial inspections, security, mapping, and surveying. Draganfly is committed to delivering efficient and reliable technology that helps organizations save time, money, and lives.
Average Trading Volume: 70,034
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$32.44M
See more data about DPRO stock on TipRanks’ Stock Analysis page.