Draganfly stock price target raised to $14 from $9 at H.C. Wainwright

Investing.com - H.C. Wainwright raised its price target on Draganfly Inc. (NASDAQ:DPRO) to $14.00 from $9.00 on Wednesday, while maintaining a Buy rating on the drone technology company. The stock currently trades at $10.64, with a market capitalization of $236 million. According to InvestingPro data, the company maintains a healthy balance sheet with more cash than debt and strong liquidity ratios.

The firm cited Draganfly’s recent business announcements with the U.S. Army and favorable underlying secular trends as key factors behind the revision. Draganfly shares have appreciated 165.3% in 2025, compared to a 10.2% increase in the Russell 2000 index. The stock has shown remarkable momentum, with InvestingPro analysis indicating a 419% return over the past six months and revenue growth forecast of 39% for fiscal year 2025.

H.C. Wainwright noted that revenue associated with the U.S. Army partnership is more likely to impact results beginning in 2026 rather than in the second half of 2025. The firm recommended using any retreat in DPRO shares as an opportunity to accumulate positions ahead of stronger operating results expected next year.

The research firm increased its valuation multiple on 2026 revenue to 13.0x from 8.0x, stating this remains well within the peer group range. Analysts believe Draganfly is positioned to benefit from NATO nations’ decoupling with the U.S. and increased defense spending from Canada.

H.C. Wainwright also highlighted that the war in Ukraine has served as a proving ground for small and medium-sized drone technology, suggesting more use cases in future conflicts.

In other recent news, Draganfly Inc. reported a 37% revenue growth in the second quarter of 2025 compared to the previous quarter, with a 22% increase year-over-year. Despite this growth, the company posted a comprehensive loss of $4.7 million, which marked an improvement from the $7.1 million loss recorded in the same period last year. The company’s cash position also saw a significant boost, reaching $68 million following recent financing activities. H.C. Wainwright raised its price target for Draganfly to $9.00 from $6.00, maintaining a Buy rating, after the company was selected by the U.S. Army to provide Flex FPV drone systems. Draganfly is also positioned to support Canada’s $220 million military aid package to Ukraine, which includes funding for drone and counter-drone capabilities. Additionally, Draganfly showcased its Commander 3XL and Flex FPV drone systems during the U.S. Department of Defense Technology Readiness exercise at Camp Atterbury, Indiana. The company was one of four invited to demonstrate its First Person View capabilities at the event.

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