Roth MKM initiated coverage of Dragonfly Energy with a Buy rating and $4 price target. The analyst sees Dragonfly as a pack assembly, marketing, and customer service company serving an attractive niche in storage markets. Current share levels provide an attractive entry point for a “growthy” core business that could be managed for profitability, while the current valuation appears to ascribe limited value for the company’s battery technology investments, the analyst tells investors in a research note.
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