Matthew Galinko, an analyst from Maxim Group, maintained the Buy rating on Draganfly (DPRO – Research Report). The associated price target remains the same with $7.00.
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Matthew Galinko has given his Buy rating due to a combination of factors that highlight Draganfly’s potential in the drone market. The company is strategically expanding its presence in both military and commercial sectors, securing essential certifications that position it well for future demand. Despite a revenue miss in the first quarter of 2025, Draganfly demonstrated strong growth in product revenue, which is a positive indicator of its market traction.
Draganfly’s financial health appears stable, with no debt and sufficient capital to sustain operations into late 2025. The company’s broad and well-integrated drone platform is seen as a competitive advantage, particularly as military consumption of drones is expected to increase. While there are uncertainties regarding U.S. government budget allocations, there is a consensus on the importance of developing a domestic drone supply chain, where Draganfly is considered a leading player. These factors contribute to the optimistic outlook and justify the Buy rating with a $7 price target.
In another report released on May 9, H.C. Wainwright also maintained a Buy rating on the stock with a $5.00 price target.
DPRO’s price has also changed moderately for the past six months – from $2.350 to $1.860, which is a -20.85% drop .
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