Why NextPlat Shares Are Trading Higher By Around 30%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 12 2024
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Analyst Views on DPRO
Wall Street analysts forecast DPRO stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.790
Low
11.00
Averages
15.60
High
20.00
Current: 7.790
Low
11.00
Averages
15.60
High
20.00
About DPRO
Draganfly Inc. is a Canada-based company. The Company is a provider of drone solutions, Artificial intelligence (AI) driven software, and robotics. The Company provides solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. Its products include Apex, Commander 3XL, Heavy Lift Drone, Flex FPV, Commander 3XL Hybrid, Starling X.2, Payloads and Sensors, Draganflyer Commander2, Software, Precision Delivery System, Legacy Products and Projects, and Development Projects. Its services include custom engineering and drone services. Its engineering services include Hardware design, software design, development, modeling, ITAR equipment management, and support. Its drone services include aerial inspections, surveying and terrain mapping, emergency and disaster response, and landmine detection surveys. Its segments include Drones and Corporate. The Drones segment includes products and services related to the sale of unmanned aerial vehicles (UAV).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Trump Administration Boosts Drone Manufacturing with Funding Exploration
- Drone Stock Surge: Following reports that the Trump administration is exploring funding deals to enhance domestic drone manufacturing and reduce costs, UMAC shares soared 57%, RCAT rose 33%, and ONDS jumped 23%, indicating strong market optimism for the drone sector.
- Potential Funding Support: Discussions between the Pentagon and the Office of Strategic Capital may involve loans, debt financing, and equity investments aimed at deploying 300,000 low-cost attack drones by 2027, highlighting the growing significance of drones in modern warfare.
- UMAC's Market Performance: Despite UMAC's stock trading above the analyst target price of $25.33, indicating a 14% downside risk, it maintains a 'Strong Buy' rating, reflecting investor confidence in its future growth potential.
- Investor Sentiment High: On Stocktwits, retail sentiment for ONDS, RCAT, UMAC, and KTOS is extremely bullish, with 55% of participants selecting ONDS as their top long-term pick for the next five years, showcasing strong interest in the drone industry.
See More
Drone-as-a-Service Market Experiences Rapid Growth and Strategic Expansion
- Market Growth Potential: The drone services market is projected to reach $100 billion to $200 billion by the 2030s, indicating strong growth potential driven by widespread adoption among enterprise and government users, which is accelerating industry digitization.
- Strategic Acquisition Plan: ZenaTech's proposed acquisition of an Alberta-based land surveying company aims to penetrate the oil and gas sector, which is expected to grow at over 28% annually, providing new revenue streams and market share opportunities for the company.
- Technology Integration Advantage: With approximately 80% of the target acquisition's projects utilizing drone workflows, ZenaTech has a highly efficient pathway for technology integration that can enhance service efficiency and precision, thereby strengthening its competitive position in the market.
- Demand for Continuous Monitoring: Enterprises are increasingly relying on drones for continuous monitoring and data capture to support infrastructure asset management and predictive maintenance, a trend that will drive long-term growth and structural changes in the DaaS market.
See More
Drone-as-a-Service Market Experiences Rapid Growth
- Market Growth Potential: The drone services market is projected to reach $100 billion to $200 billion by the 2030s, indicating strong growth potential driven by widespread adoption among enterprise and government users, which is accelerating the industry's digital transformation.
- Strategic Acquisition Plan: ZenaTech has signed an offer to acquire an Alberta-based land surveying company, marking its first entry into the oil and gas sector, which is expected to expand its Drone-as-a-Service business in a rapidly growing market with an annual growth rate exceeding 28%.
- Technological Integration Advantage: Approximately 80% of the target acquisition company's projects utilize drone workflows, providing an efficient pathway for ZenaTech's technology integration and operational scaling, thereby enhancing service efficiency and precision.
- Recurring Revenue Model: ZenaTech's Drone-as-a-Service platform offers clients on-demand or subscription-based services, eliminating capital costs associated with traditional ownership models, and is expected to enhance customer loyalty and market share through continuous monitoring and data-driven decision-making.
See More
Draganfly and F4DI Collaborate on Counter-UAS Development
- Contract Award: Draganfly, in collaboration with F4 Defense International, has secured an initial development contract from DEVCOM Army Research Laboratory to create a modular counter-unmanned aircraft system, addressing the urgent need for counter-drone capabilities in modern warfare.
- Technology Integration: The system will integrate Draganfly's advanced tethered aerial platform technology, providing persistent aerial surveillance, intelligent identification, and real-time battlefield situational awareness, significantly enhancing drone defense capabilities in military operations.
- Market Potential: The global Counter-UAS market is projected to exceed $20 billion by 2030, indicating rapid growth in this sector, and Draganfly's involvement will further solidify its leadership position in defense technology.
- Strategic Importance: This initiative not only responds to the Department of Defense's demand for rapidly deployable, layered counter-drone systems but also showcases Draganfly's ongoing expansion into advanced defense technologies, enhancing its competitiveness in the global security market.
See More
Draganfly Launches Next-Gen Drone Payload Platform
- Surging Market Demand: The global EO/IR gimbal and drone payload market is projected to exceed $12 billion by 2030, driven by defense modernization, border security, and increasing demand for drone ISR capabilities, positioning Draganfly's Blitz platform to capitalize on this rapidly growing market.
- Strategic Partnership: Draganfly's exclusive partnership with Blitz Technologies establishes it as the sole integrator and distributor in North America, further solidifying its leadership in critical infrastructure and public safety markets, which is expected to enhance the company's market share in drone solutions.
- Innovative Product Line: The Blitz platform features high-performance payload systems like the Spectrum 300, 500, 800, and 1600LR, equipped with 4K and Full HD imaging, thermal imaging, and laser rangefinding capabilities, designed to support defense ISR, tactical reconnaissance, and public safety applications, addressing the needs of modern conflicts and operations.
- Rapid Deployment Capability: The Blitz platform emphasizes rapid production and delivery capabilities, reducing acquisition costs and shortening delivery timelines, enabling customers to quickly access deployable solutions in fast-changing environments, thereby enhancing the company's competitive edge in the crowded drone market.
See More
Draganfly to Acquire Skip Dynamix Drone Technology for Up to $7.5M
- Acquisition Overview: Draganfly announced it will acquire Skip Dynamix's drone technology assets for up to $7.5 million, which includes a $2.5 million cash payment, $2.5 million in shares, and up to $2.5 million in additional earn-out payments tied to milestones, with the deal expected to close in early June 2026.
- Technology Integration Benefits: The acquisition adds Skip Dynamix's low-cost, long-range fixed-wing 'Orca' drone platform to Draganfly's defense drone portfolio, enhancing the company's AI, autonomy, and military drone capabilities, thereby increasing its competitiveness in the defense market.
- Market Expansion Potential: This deal enables Draganfly to expand opportunities with U.S., NATO, and Indo-Pacific defense programs, further solidifying its position in the global drone market, particularly in military applications.
- Stock Performance: Draganfly's stock is currently trading at approximately $5.40, and this acquisition is expected to positively impact the company's future financial performance, although it may face market volatility in the short term.
See More
Trump Administration Boosts Drone Manufacturing with Funding Exploration
- Drone Stock Surge: Following reports that the Trump administration is exploring funding deals to enhance domestic drone manufacturing and reduce costs, UMAC shares soared 57%, RCAT rose 33%, and ONDS jumped 23%, indicating strong market optimism for the drone sector.
- Potential Funding Support: Discussions between the Pentagon and the Office of Strategic Capital may involve loans, debt financing, and equity investments aimed at deploying 300,000 low-cost attack drones by 2027, highlighting the growing significance of drones in modern warfare.
- UMAC's Market Performance: Despite UMAC's stock trading above the analyst target price of $25.33, indicating a 14% downside risk, it maintains a 'Strong Buy' rating, reflecting investor confidence in its future growth potential.
- Investor Sentiment High: On Stocktwits, retail sentiment for ONDS, RCAT, UMAC, and KTOS is extremely bullish, with 55% of participants selecting ONDS as their top long-term pick for the next five years, showcasing strong interest in the drone industry.
See More
Drone-as-a-Service Market Experiences Rapid Growth and Strategic Expansion
- Market Growth Potential: The drone services market is projected to reach $100 billion to $200 billion by the 2030s, indicating strong growth potential driven by widespread adoption among enterprise and government users, which is accelerating industry digitization.
- Strategic Acquisition Plan: ZenaTech's proposed acquisition of an Alberta-based land surveying company aims to penetrate the oil and gas sector, which is expected to grow at over 28% annually, providing new revenue streams and market share opportunities for the company.
- Technology Integration Advantage: With approximately 80% of the target acquisition's projects utilizing drone workflows, ZenaTech has a highly efficient pathway for technology integration that can enhance service efficiency and precision, thereby strengthening its competitive position in the market.
- Demand for Continuous Monitoring: Enterprises are increasingly relying on drones for continuous monitoring and data capture to support infrastructure asset management and predictive maintenance, a trend that will drive long-term growth and structural changes in the DaaS market.
See More
Drone-as-a-Service Market Experiences Rapid Growth
- Market Growth Potential: The drone services market is projected to reach $100 billion to $200 billion by the 2030s, indicating strong growth potential driven by widespread adoption among enterprise and government users, which is accelerating the industry's digital transformation.
- Strategic Acquisition Plan: ZenaTech has signed an offer to acquire an Alberta-based land surveying company, marking its first entry into the oil and gas sector, which is expected to expand its Drone-as-a-Service business in a rapidly growing market with an annual growth rate exceeding 28%.
- Technological Integration Advantage: Approximately 80% of the target acquisition company's projects utilize drone workflows, providing an efficient pathway for ZenaTech's technology integration and operational scaling, thereby enhancing service efficiency and precision.
- Recurring Revenue Model: ZenaTech's Drone-as-a-Service platform offers clients on-demand or subscription-based services, eliminating capital costs associated with traditional ownership models, and is expected to enhance customer loyalty and market share through continuous monitoring and data-driven decision-making.
See More
Draganfly and F4DI Collaborate on Counter-UAS Development
- Contract Award: Draganfly, in collaboration with F4 Defense International, has secured an initial development contract from DEVCOM Army Research Laboratory to create a modular counter-unmanned aircraft system, addressing the urgent need for counter-drone capabilities in modern warfare.
- Technology Integration: The system will integrate Draganfly's advanced tethered aerial platform technology, providing persistent aerial surveillance, intelligent identification, and real-time battlefield situational awareness, significantly enhancing drone defense capabilities in military operations.
- Market Potential: The global Counter-UAS market is projected to exceed $20 billion by 2030, indicating rapid growth in this sector, and Draganfly's involvement will further solidify its leadership position in defense technology.
- Strategic Importance: This initiative not only responds to the Department of Defense's demand for rapidly deployable, layered counter-drone systems but also showcases Draganfly's ongoing expansion into advanced defense technologies, enhancing its competitiveness in the global security market.
See More
Draganfly Launches Next-Gen Drone Payload Platform
- Surging Market Demand: The global EO/IR gimbal and drone payload market is projected to exceed $12 billion by 2030, driven by defense modernization, border security, and increasing demand for drone ISR capabilities, positioning Draganfly's Blitz platform to capitalize on this rapidly growing market.
- Strategic Partnership: Draganfly's exclusive partnership with Blitz Technologies establishes it as the sole integrator and distributor in North America, further solidifying its leadership in critical infrastructure and public safety markets, which is expected to enhance the company's market share in drone solutions.
- Innovative Product Line: The Blitz platform features high-performance payload systems like the Spectrum 300, 500, 800, and 1600LR, equipped with 4K and Full HD imaging, thermal imaging, and laser rangefinding capabilities, designed to support defense ISR, tactical reconnaissance, and public safety applications, addressing the needs of modern conflicts and operations.
- Rapid Deployment Capability: The Blitz platform emphasizes rapid production and delivery capabilities, reducing acquisition costs and shortening delivery timelines, enabling customers to quickly access deployable solutions in fast-changing environments, thereby enhancing the company's competitive edge in the crowded drone market.
See More
Draganfly to Acquire Skip Dynamix Drone Technology for Up to $7.5M
- Acquisition Overview: Draganfly announced it will acquire Skip Dynamix's drone technology assets for up to $7.5 million, which includes a $2.5 million cash payment, $2.5 million in shares, and up to $2.5 million in additional earn-out payments tied to milestones, with the deal expected to close in early June 2026.
- Technology Integration Benefits: The acquisition adds Skip Dynamix's low-cost, long-range fixed-wing 'Orca' drone platform to Draganfly's defense drone portfolio, enhancing the company's AI, autonomy, and military drone capabilities, thereby increasing its competitiveness in the defense market.
- Market Expansion Potential: This deal enables Draganfly to expand opportunities with U.S., NATO, and Indo-Pacific defense programs, further solidifying its position in the global drone market, particularly in military applications.
- Stock Performance: Draganfly's stock is currently trading at approximately $5.40, and this acquisition is expected to positively impact the company's future financial performance, although it may face market volatility in the short term.
See More
