
Draganfly Inc (DPRO) Stock Forecast & Price Target
Draganfly Inc (DPRO) Analyst Ratings
Bulls say
Draganfly is positioned to benefit from a multi-year UAS supercycle, with accelerating demand across public safety, defense, agriculture, and infrastructure inspection, supported by favorable BVLOS regulatory shifts in North America. Its outlook is strengthened by a record revenue quarter, 1Q26 revenue growth of 49.4% YoY, roughly $132M in cash on hand, and meaningful traction from U.S. programs such as DEVCOM, FlexFPV, and the Campus Drone Implementation rollout across up to 3,000 campuses. The company’s expanding platform through Skip Dynamix, plus potential Canada defense awards and additional M&A, could broaden its technology stack and customer base, though near-term timing of significant U.S. orders appears pushed to 2027.
Bears say
Draganfly is showing top-line growth, with 2Q26 revenue of CAD $2.7M up 26% Y/Y and 1Q26 revenue of C$2.3M up 49.4% YoY, but the business is still not converting that demand into durable profitability. Gross margin weakened to 20.0% in 2Q26 and 15.0% in 1Q26, while operating expenses surged to CAD $16.1M in 2Q26, driving net loss to CAD $12M from CAD $4.8M Y/Y and reflecting scaling costs that outpace sales. The bear outlook is reinforced by likely delays in significant U.S. orders to 2027, regulatory and defense-spending uncertainty, and heightened competition that could compress margins, pressure valuation, and force additional capital needs.
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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