Clear Street initiated coverage of Red Cat (RCAT) with a Buy rating and $22 price target The firm said this is based on the company’s ability to capitalize on its core, NDAA-compliant drone business while also growing into the maritime sector with a new product anticipated in the first half of 2026. Clear Street told investors that Red Cat is uniquely positioned for significant revenue growth by displacing foreign competitors in the large, NDAA-compliant ISR drone market.
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