Zipline Surpasses 2 Million Deliveries, Raises $600 Million to Expand to Houston and Phoenix
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Delivery Milestone: Zipline has announced it has surpassed 2 million commercial deliveries, making it the leading company in the sector, showcasing its dominance in the drone delivery market.
- Funding and Expansion: The company successfully raised over $600 million and plans to expand its services to Houston and Phoenix in early 2026, further solidifying its market share and accelerating business growth.
- Rapid Growth: Zipline's U.S. delivery volume has grown approximately 15% week over week for the past seven months, indicating strong performance in the rapidly evolving AI and robotics sector, which is expected to drive future market demand.
- Safety and Efficiency: Zipline's drones achieve an average flight time of 3 minutes during deliveries and save over 10,000 lives annually, demonstrating significant advantages in providing safe, fast, and environmentally friendly delivery services.
Analyst Views on ZIP
Wall Street analysts forecast ZIP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZIP is 5.00 USD with a low forecast of 4.50 USD and a high forecast of 5.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
5 Hold
0 Sell
Hold
Current: 2.820
Low
4.50
Averages
5.00
High
5.50
Current: 2.820
Low
4.50
Averages
5.00
High
5.50
About ZIP
ZipRecruiter, Inc. provides a two-sided marketplace for work that simplifies the job market for both jobseekers and employers. It enables work by connecting jobseekers and employers in its marketplace. The Company’s technology delivers matches to its employers immediately after a job goes live and provides tools to streamline the candidate selection process. It provides jobseekers with access to various jobs from all over the Internet. Job seekers can filter this array of opportunities by using numerous criteria to find the handful of potential matches on the Company's Website or in its mobile app. On ZipRecruiter, jobseekers create a profile and can then apply for certain opportunities with a single click. Its one-click application technology works across both its marketplace and certain Job Distribution Partners to remove barriers between a jobseeker and their next opportunity. Jobs posted on ZipRecruiter are distributed to over 1,000 sites managed by its job distribution partners.
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.
