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Investing.com - Jefferies initiated coverage on Next Vision Stabilized Systems (NXSN:IT) with a Buy rating and a price target of ILS172.00 (approximately $52).
The research firm highlighted Next Vision as a highly profitable, high-growth camera company serving the unmanned aerial systems (UAS) market, noting its regional and customer diversity as key strengths.
Jefferies projects that Next Vision can maintain growth of approximately 30% per year, compared to its over 90% compound annual growth rate over the past five years, supported by market expansion and attachment to key customers who are scaling to build thousands of drones annually.
The firm identified additional revenue opportunities from accessories such as mounts and processing power, with software development providing further growth potential, particularly as the company moves into artificial intelligence capabilities.
Jefferies also noted potential future growth through mergers and acquisitions and horizontal integration that could expand Next Vision’s reach across its broad customer base.
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