
Draganfly Inc (DPRO) Stock Forecast & Price Target
Draganfly Inc (DPRO) Analyst Ratings
Bulls say
Draganfly Inc. has shown a robust ability to drive revenue growth, particularly in the Drone segment, which is expected to attract more investor interest, especially with supportive FAA guidelines for commercial drones and ongoing geopolitical factors. The company reported a sequential increase in revenue from C$1.7M in 2Q24 to C$1.9M in 3Q24, demonstrating resilience despite being slightly below projected estimates. Furthermore, the potential for multiple expansion is promising as the company shifts its revenue mix towards higher-margin services, bolstered by recent purchase orders for UAS technologies, positioning Draganfly favorably for future financial performance.
Bears say
Draganfly Inc has revised its 2024 revenue projections down to C$7.0 million from C$8.0 million, despite showing a slight increase from C$6.6 million in 2023, indicating ongoing revenue challenges. The company is experiencing a significant EBITDA loss of C$3.1 million and a gross margin of 23.4%, which is below previous estimates of 33.7%, suggesting that profitability remains an issue. Furthermore, the company's valuation continues to lag behind competitors, with a revenue multiple of only 2.0x for 2025 estimates compared to peers ranging from 5.0x to 8.0x, reflecting a negative outlook on its financial health and market positioning.
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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