In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Draganfly, with a price target of $14.00.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Scott Buck has given his Buy rating due to a combination of factors including Draganfly’s accelerating growth profile and strengthening balance sheet. He highlights record 2025 results with double‑digit fourth‑quarter revenue expansion, a significantly enlarged cash position of about C$145 million, and 2026 guidance that implies nearly tripling quarterly revenue by year‑end, driven largely by defense demand and the scale‑up of a key U.S. Air Force Special Operations Command contract.
He also bases his view on the company’s strategic use of capital to build an NDAA‑compliant domestic supply chain and pursue targeted acquisitions to enhance software capabilities, which should support long‑term operating leverage. While acknowledging increased operating expenses and certain non‑cash charges, he expects a notable improvement in 2026 EBITDA losses, sees further upside from global defense spending trends, and justifies a $14 target price via an EV/revenue multiple that still sits at a discount to peers, implying substantial upside potential for DPRO shares as execution and order visibility improve.
In another report released on March 26, Maxim Group also maintained a Buy rating on the stock with a $10.00 price target.