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Investing.com - Safe Pro Group Inc. (NASDAQ:SPAI) received a Buy rating initiation from Litchfield Hills Research on Thursday, with an $8.00 price target. The stock, currently trading at $3.06, has shown significant price volatility according to InvestingPro data, with a 52-week range of $1.47 to $6.50.
The research firm identified Safe Pro Group as an emerging leader in artificial intelligence-powered computer vision software, providing advanced situational awareness tools for defense, homeland security, law enforcement, and humanitarian applications globally. The company has demonstrated strong revenue growth of 140% in the last twelve months, though InvestingPro analysis indicates it remains in development phase with negative EBITDA.
Litchfield Hills highlighted the company’s AI solution for small object detection in drone-based imagery, specifically noting its application in anti-personnel mine detection—a critical need since Russia’s 2022 invasion of Ukraine, which left an estimated 30% of Ukrainian territory potentially contaminated with mines.
The research firm emphasized that Safe Pro’s technology has been battle-tested in Ukraine for over two years, comparing favorably against existing demining methodologies and competing technologies, while being protected by a broad patent on AI-based explosive detection in drone imagery.
At the $8.00 target price, Safe Pro Group would trade at approximately 9.7 times Market Cap/Sales, which Litchfield Hills noted would be slightly below the industry average, making the current valuation attractive relative to peers. With a market capitalization of $46.43 million, InvestingPro analysis reveals 7 additional key insights about the company’s financial health and growth potential, available to subscribers.
In other recent news, Safe Pro Group Inc. is actively pursuing opportunities linked to the One Big Beautiful Bill Act, which allocates $33 billion for defense AI technologies. The company is in discussions with the Department of Defense and prime contractors to leverage its AI-powered drone technology, which can detect over 150 types of landmines and unexploded ordnance. Safe Pro Group’s technology has been effectively utilized in Ukraine, identifying over 27,450 unexploded ordnances across 16,336 acres, contributing to environmental recovery efforts. Additionally, Safe Pro Group has secured an order from a US Government Contractor for its Explosive Ordnance Disposal protective gear, intended for use in Asia-Pacific landmine remediation programs. The company’s SpotlightAI™ platform will also be evaluated in the region, marking a significant expansion of its application. In terms of intellectual property, Safe Pro Group has completed international patent filings in nearly 50 jurisdictions to protect its AI threat detection technology. This strategic move aligns with the growing reliance on AI and drone technology for defense purposes. The company’s patented technology is designed to integrate with military systems, providing real-time threat alerts to enhance safety and operational efficiency.
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