Needham analyst Austin Bohlig has reiterated their bullish stance on DPRO stock, giving a Buy rating on November 5.
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Austin Bohlig has given his Buy rating due to a combination of factors, primarily driven by Draganfly’s strong third-quarter performance in 2025, which aligned closely with expectations. The company reported a year-over-year revenue increase of 14%, reaching CAD $2.2 million, which is slightly below the estimate but still indicative of solid growth.
Austin Bohlig is optimistic about Draganfly’s future, particularly as it heads into 2026 with a promising pipeline. This includes the anticipated launch of the Outrider platform and the ongoing availability of the Flex FPV platform. Additionally, significant defense programs in Canada and the U.S. for border security, along with onsite drone production, are expected to drive substantial revenue growth. The planned capacity expansion to approximately $400 million in 2026 further supports the potential for significant upside in estimates as these initiatives gain momentum.
In another report released on November 5, Ladenburg Thalmann & Co. also initiated coverage with a Buy rating on the stock with a $19.00 price target.