Analyst George Gianarikas of Canaccord Genuity maintained a Buy rating on Dragonfly Energy Holdings Corp, boosting the price target to $2.25.
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George Gianarikas has given his Buy rating due to a combination of factors that highlight Dragonfly Energy Holdings Corp’s improved financial position and potential for future growth. The company has recently completed a series of transformative financings, which have significantly strengthened its financial stability. This newfound financial health is expected to support Dragonfly’s long-term ambitions in the battery manufacturing sector, particularly in advancing cost-effective solutions and developing solid-state energy storage technologies.
Moreover, Dragonfly’s third-quarter results for 2025 have shown positive signs, with revenue and gross profit exceeding expectations. Although there was a slight sequential decline, the annual growth figures were strong. The company’s cash position has also improved markedly following successful capital raises, positioning it well for future investments and growth. These factors combined have led to an increased price target from $1.00 to $2.25, reinforcing the Buy rating.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $1.50 price target.