H.C. Wainwright analyst Scott Buck maintained a Buy rating on Draganfly (DPRO – Research Report) today and set a price target of $7.00.
Scott Buck’s rating is based on Draganfly’s strategic positioning to capitalize on future growth opportunities. Despite recent revenue figures falling short of expectations, the company has increased its production capacity, which positions it well for securing larger contracts, particularly from government entities. This potential for significant contract wins, especially from the Department of Defense, could substantially boost Draganfly’s revenue.
Furthermore, Draganfly has effectively managed its operating expenses, resulting in reduced losses compared to the previous year. This financial discipline, combined with a stable revenue baseline, sets the stage for growth in 2025 and beyond. Buck believes that as revenue begins to scale in the latter half of 2025 and into 2026, the path to profitability will become clearer, attracting new investors. Consequently, he maintains a Buy rating with a $7 price target, recommending investors to consider building positions in anticipation of future contract wins and revenue growth.
In another report released on March 28, Maxim Group also maintained a Buy rating on the stock with a $7.00 price target.