Dragonfly Energy price target raised to $1.50 from $1.25 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on Dragonfly Energy to $1.50 from $1.25 and keeps a Buy rating on the shares. The firm said the 1Q24 earnings call strongly suggested that management increasingly feels that the worst is likely behind them. Canaccord said they strongly encourage Dragonfly to continue to seekmuch-needed capital to bridge the gap and make certain its potentially game-changing technology gets to market.