Draganfly price target lowered to $5 from $7 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Draganfly (DPRO) to $5 from $7 and keeps a Buy rating on the shares post the Q1 report. The firm cites the recent capital raise for the target cut. While Draganfly’s lack of revenue growth is frustrating, but meaningful revenue and profitability “could come quickly,” the analyst tells investors in a research note.