ThinkEquity analyst Ashok Kumar initiated coverage of Mobilicom (MOB) with a Buy rating with a price target of $12, up from $5. The firm says the company is transitioning to a “more profitable and scalable” business model around its OS3 cybersecurity platform for artificial intelligence-powered drones. The defense market’s “rapid pivot” to unmanned systems amid geopolitical and policy tailwinds will drive a revenue inflection for Mobilicom, the analyst tells investors in a research note.
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