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Safe Pro initiated with an Outperform at Northland

Northland initiated coverage of Safe Pro (SPAI) with an Outperform rating and $13 price target The U.S. and EU are increasing investments in drones, notes the analyst, who estimates the total addressable market for Safe Pro AI is “in the several billion dollar range.” The firm forecasts $7.2M of revenue in FY26, growing to $32.1M in FY28.

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