Wall Street Zen lowered shares of Draganfly (NASDAQ:DPRO – Free Report) from a sell rating to a strong sell rating in a research note published on Saturday.
Other analysts have also issued reports about the company. Needham & Company LLC dropped their price objective on Draganfly from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. LADENBURG THALM/SH SH decreased their target price on Draganfly from $12.75 to $11.50 and set a “buy” rating on the stock in a research report on Thursday. Northland Securities set a $13.00 price target on shares of Draganfly in a research note on Tuesday, May 12th. Finally, HC Wainwright initiated coverage on shares of Draganfly in a report on Friday, May 29th. They issued a “buy” rating and a $14.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, Draganfly presently has a consensus rating of “Buy” and a consensus target price of $11.62.
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Draganfly Stock Up 5.8%
Draganfly (NASDAQ:DPRO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.13). The business had revenue of $3.75 million during the quarter, compared to analysts’ expectations of $2.56 million. Draganfly had a negative net margin of 355.34% and a negative return on equity of 26.61%. On average, analysts anticipate that Draganfly will post -0.83 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Draganfly
Large investors have recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in shares of Draganfly during the third quarter valued at approximately $39,000. Purpose Unlimited Inc. acquired a new stake in shares of Draganfly in the fourth quarter worth approximately $43,000. Wexford Capital LP acquired a new stake in shares of Draganfly in the third quarter worth approximately $67,000. Royal Bank of Canada increased its position in shares of Draganfly by 478.4% during the fourth quarter. Royal Bank of Canada now owns 8,647 shares of the company’s stock worth $60,000 after purchasing an additional 7,152 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new stake in shares of Draganfly during the second quarter worth approximately $55,000. 10.39% of the stock is currently owned by hedge funds and other institutional investors.
Draganfly News Summary
Here are the key news stories impacting Draganfly this week:
- Positive Sentiment: Buy ratings and high price targets provide support. HC Wainwright reiterated a “Buy” rating and a $14.00 price target, while Ladenburg Thalmann maintained a “Buy” rating and set an $11.50 target. These targets imply significant potential upside from recent trading levels.
- Positive Sentiment: Revenue recently exceeded expectations. Draganfly’s latest quarterly revenue was $3.75 million, above the $2.56 million analyst consensus, suggesting demand remains an important potential catalyst despite continuing losses.
- Neutral Sentiment: Analyst coverage remains divided on valuation. The bullish price targets contrast with a recent bearish Seeking Alpha analysis arguing that Draganfly is failing to capitalize on the expanding drone market. Draganfly: Failing To Catch The Booming Drone Market (Downgrade)
- Negative Sentiment: HC Wainwright sharply reduced its earnings forecasts. The firm cut its 2026 EPS estimate to a loss of $0.78 from $0.34, lowered its third-quarter forecast to a $0.22 loss from $0.07, and reduced its fourth-quarter forecast to a $0.21 loss from $0.10. It projects a $0.93 per-share loss for 2027.
- Negative Sentiment: Northland Securities also lowered estimates across multiple periods. Its 2026 EPS forecast fell to a $0.63 loss from $0.46, while its 2027 forecast declined to a $0.41 loss from $0.24. The revisions signal expectations for prolonged operating losses.
- Negative Sentiment: Profitability remains weak. Draganfly recently missed quarterly EPS expectations, reported a negative net margin exceeding 350%, and is expected to remain unprofitable. These results may limit the stock’s ability to sustain gains unless revenue growth accelerates.
About Draganfly
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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