Draganfly (NASDAQ:DPRO – Free Report) had its target price decreased by Needham & Company LLC from $12.00 to $8.00 in a report released on Tuesday, Marketbeat reports. Needham & Company LLC currently has a buy rating on the stock.
Several other analysts have also recently issued reports on the stock. Northland Securities set a $13.00 price target on shares of Draganfly in a report on Tuesday, May 12th. HC Wainwright began coverage on shares of Draganfly in a report on Friday, May 29th. They set a “buy” rating and a $14.00 price objective for the company. Finally, LADENBURG THALM/SH SH raised shares of Draganfly to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Draganfly has a consensus rating of “Buy” and an average target price of $11.62.
Get Our Latest Stock Analysis on DPRO
Draganfly Stock Up 1.1%
Draganfly (NASDAQ:DPRO – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.13). Draganfly had a negative net margin of 355.34% and a negative return on equity of 29.13%. The business had revenue of $3.75 million for the quarter, compared to analysts’ expectations of $2.56 million. As a group, sell-side analysts anticipate that Draganfly will post -0.58 EPS for the current year.
Hedge Funds Weigh In On Draganfly
Several large investors have recently added to or reduced their stakes in DPRO. IFP Advisors Inc bought a new stake in Draganfly during the third quarter valued at $39,000. Purpose Unlimited Inc. bought a new position in shares of Draganfly in the 4th quarter worth about $43,000. Royal Bank of Canada boosted its holdings in shares of Draganfly by 478.4% in the 4th quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock valued at $60,000 after buying an additional 7,152 shares during the period. Wexford Capital LP acquired a new position in shares of Draganfly in the 3rd quarter valued at about $67,000. Finally, GK Wealth Management LLC bought a new stake in shares of Draganfly during the 2nd quarter valued at about $55,000. 10.39% of the stock is currently owned by institutional investors.
Draganfly News Roundup
Here are the key news stories impacting Draganfly this week:
- Positive Sentiment: Analyst support remains: Ladenburg Thalmann lowered its price target to $11.50 from $12.75 but maintained a “Buy” rating, implying substantial potential upside from recent levels. Benzinga analyst price target update
- Positive Sentiment: Northland reaffirmed its Buy rating: The continued positive rating offers some support despite the firm’s lower earnings expectations. Northland Securities reaffirms Buy rating
- Positive Sentiment: Revenue performance was better than expected: Draganfly reported quarterly revenue of $3.75 million versus analyst expectations of $2.56 million, suggesting demand and its project pipeline remain areas of potential upside.
- Neutral Sentiment: HC Wainwright remains bullish over the long term: The firm maintained a $14 price target and Buy rating while publishing estimates through fiscal 2030, but those projections still anticipate losses in fiscal 2028-2030. MarketBeat Draganfly analyst estimates
- Negative Sentiment: Profitability disappointed: Draganfly’s quarterly loss of $0.24 per share was wider than the expected $0.11 loss. The company continues to report a deeply negative net margin, reinforcing concerns about cash needs and the timing of a return to profitability.
- Negative Sentiment: Northland cut multiple forecasts: FY2026 EPS was reduced to a $0.63 loss from $0.46, while FY2027 EPS was lowered to a $0.41 loss from $0.24. Quarterly estimates for late 2026 and 2027 were also reduced, signaling weaker expected operating performance. Northland Securities Draganfly research
- Negative Sentiment: Additional caution from analysts: A Seeking Alpha analysis downgraded Draganfly, arguing the company is not keeping pace with the broader drone-market expansion. Draganfly downgrade analysis
Draganfly Company Profile
Draganfly Inc (NASDAQ: DPRO) is a Canada-based developer and manufacturer of unmanned aerial systems (UAS) and related software solutions for commercial, government and academic applications. Headquartered in Saskatoon, Saskatchewan, the company specializes in designing lightweight, modular drones that integrate advanced sensor payloads—including high-resolution imaging, multispectral and thermal cameras—to gather aerial data across a range of industries.
The company’s core offerings include turnkey UAS platforms, data-capture payloads and proprietary analytics software that enable clients to perform precision agriculture monitoring, land surveying, infrastructure inspection and environmental assessment.
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