Draganfly (NASDAQ:DPRO – Get Free Report) had its price target decreased by stock analysts at Needham & Company LLC from $8.00 to $6.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 86.92% from the company’s current price.
A number of other brokerages have also recently issued reports on DPRO. LADENBURG THALM/SH SH reduced their price objective on shares of Draganfly from $12.75 to $11.50 and set a “buy” rating for the company in a report on Thursday, August 13th. Wall Street Zen lowered shares of Draganfly from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of Draganfly from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Draganfly currently has an average rating of “Buy” and an average price target of $11.12.
Check Out Our Latest Stock Analysis on Draganfly
Draganfly Stock Performance
Shares of DPRO stock opened at $3.21 on Wednesday. Draganfly has a fifty-two week low of $2.68 and a fifty-two week high of $10.62. The stock has a 50 day simple moving average of $4.64 and a two-hundred day simple moving average of $5.50. The company has a market cap of $110.35 million, a P/E ratio of -4.12 and a beta of 3.02.
Draganfly (NASDAQ:DPRO – Get Free Report) last issued its earnings results on Tuesday, November 10th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.06). The company had revenue of $2.88 million for the quarter, compared to the consensus estimate of $2.69 million. Draganfly had a negative return on equity of 26.61% and a negative net margin of 355.34%. On average, research analysts predict that Draganfly will post -0.83 earnings per share for the current year.
Institutional Trading of Draganfly
An institutional investor recently bought a new position in Draganfly stock. Bank of New York Mellon Corp purchased a new stake in shares of Draganfly Inc. (NASDAQ:DPRO – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,511 shares of the company’s stock, valued at approximately $62,000. Institutional investors and hedge funds own 10.39% of the company’s stock.
Draganfly News Roundup
Here are the key news stories impacting Draganfly this week:
- Positive Sentiment: Draganfly said the Government of Canada selected it to supply up to 5,000 tactical ISR drones to the Canadian Armed Forces. It also qualified for all five streams of Canada’s Defence Drone Initiative Marketplace, strengthening its position for future procurement opportunities. Draganfly Q3 2026 results and business update
- Positive Sentiment: The company reported US$10 million in strategic investments and a cash balance of about US$128.6 million at September 30, supporting its ability to pursue defense, public-safety and commercial opportunities. It also received an FAA exemption for specified Heavy Lift drone operations. Draganfly announces third-quarter results
- Negative Sentiment: Quarterly revenue was about US$2.05 million, down 5% year over year. Gross margin fell to 6.3% from 19.5%, including a US$366,609 inventory write-down; excluding that charge, the company reported a 24.2% margin. Draganfly announces third-quarter results
- Negative Sentiment: Draganfly’s net loss widened to about US$12.8 million from US$5.2 million a year earlier, with management citing higher operating costs. A separate earnings report said its loss per share of US$0.25 missed the US$0.19-loss consensus, adding to the negative earnings reaction. Draganfly reports Q3 loss
Draganfly Company Profile
Draganfly Inc. is a Canadian drone technology company that develops and provides unmanned aerial systems, software and related services. Its solutions are designed for public safety, defense and security, agriculture, industrial inspection, mapping, surveying, environmental monitoring and delivery applications. The company’s offerings include remotely piloted aircraft, autonomous drone systems, payloads, flight-control technology, data-collection tools and professional services. Draganfly also provides drone design, manufacturing, training, consulting and operational support, helping organizations collect aerial imagery and other data for analysis and decision-making.
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