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An announcement from Draganfly ( (TSE:DPRO) ) is now available.
Draganfly Inc. has announced a strategic partnership with Global Ordnance, a U.S. Defense Logistics Agency prime contractor, to enhance the adoption of its unmanned aerial systems (UAS) in U.S. defense and allied markets. This collaboration aims to leverage Global Ordnance’s defense contracting expertise and Draganfly’s advanced drone technology to improve the availability and operational readiness of mission-critical UAS technologies, aligning with the growing demand for ISR capabilities and autonomous operations in the defense sector.
The most recent analyst rating on (TSE:DPRO) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Draganfly stock, see the TSE:DPRO Stock Forecast page.
Spark’s Take on TSE:DPRO Stock
According to Spark, TipRanks’ AI Analyst, TSE:DPRO is a Neutral.
Draganfly’s overall stock score is primarily impacted by its poor financial performance, with significant losses and cash flow issues. While technical analysis and earnings call insights provide some positive aspects, the valuation remains unattractive due to negative earnings.
To see Spark’s full report on TSE:DPRO stock, click here.
More about Draganfly
Draganfly Inc. is a pioneer in drone solutions and robotics, with over 25 years of innovation. The company provides advanced drone technology for public safety, agriculture, industrial inspections, security, mapping, and surveying. Draganfly is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.
Average Trading Volume: 90,564
Technical Sentiment Signal: Buy
Current Market Cap: C$79.71M
For detailed information about DPRO stock, go to TipRanks’ Stock Analysis page.