
Draganfly Inc (DPRO) Stock Forecast & Price Target
Draganfly Inc (DPRO) Analyst Ratings
Bulls say
Draganfly is a Canada-based company that offers engineering services and manufactures unmanned vehicle systems. With an impressive record of revenue growth and a strong pipeline, the company is poised for significant revenue growth in the coming years. Although there are risks inherent to the industry and its capital structure, the company is well-positioned to capitalize on the growing demand for UAS in both the defense and commercial markets. With the potential for M&A growth and a solid balance sheet, we maintain our buy rating and price target of $12, which is based on a 11x EV/Sales multiple, reflecting its strong growth potential and premium position compared to its drone comp group.
Bears say
Draganfly is a Canadian-based drone technology company focused on developing, manufacturing, and operating unmanned aerial systems and data-driven solutions. While the company operates in Canada, the United States, and internationally, its revenue is primarily generated from the sale of its UAV products and services. However, as a smaller player in a competitive industry, Draganfly faces challenges such as unpredictable defense spending and risks related to its capital structure and execution as it scales its manufacturing capabilities. Additionally, while the company has a strong balance sheet with a significant cash balance, there is a risk of future dilution for investors. Overall, the company's current financials and market position suggest a potentially challenging future and a negative outlook for its stock.
This aggregate rating is based on analysts' research of Draganfly Inc and is not a guaranteed prediction by Public.com or investment advice.
Draganfly Inc (DPRO) Analyst Forecast & Price Prediction
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