Maxim analyst Matthew Galinko initiated coverage of Volatus Aerospace (TAKOF) with a Buy rating and C$1.25 price target The company’s dual-use platforms and services make it uniquely positioned as a public drone company that can scale in the near term through commercial demand alone, with optionality on defense opportunities, the analyst tells investors in a research note. Maxim adds that it expects revenue to nearly double over the next 2 years to C$76M, driven by a C$600M pipeline of commercial business and additional opportunities in defense.
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