Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from DroneShield Limited ( (AU:DRO) ).
DroneShield Limited announced that it was not selected by the Australian Department of Defence as the Systems Integration Partner for Project LAND 156, a contract valued at $45.9 million. This decision, disclosed in response to an ASX inquiry, may impact DroneShield’s market positioning and investor perceptions, as the project represents a significant opportunity in the counter-drone sector.
The most recent analyst rating on (AU:DRO) stock is a Buy with a A$3.70 price target. To see the full list of analyst forecasts on DroneShield Limited stock, see the AU:DRO Stock Forecast page.
More about DroneShield Limited
DroneShield Limited operates in the defense industry, specializing in counter-drone technology solutions. The company focuses on providing advanced systems to detect and neutralize drone threats, catering primarily to military and government clients.
Average Trading Volume: 18,981,948
Technical Sentiment Signal: Buy
Current Market Cap: A$2.65B
Find detailed analytics on DRO stock on TipRanks’ Stock Analysis page.