DPRO Similar Chart Price Prediction
The price of DPRO is predicted to go up -22.81%, based on the high correlation periods with CDE. The similarity of these two price pattern on the periods is 93.04%.
DPRO
CDE
Down: -22.81%Similarity: 93.04%
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DPRO Analyst's Forecast
Matthew Galinko
Maxim Group
Strong Buy
2024-10-02
Price Target
$7
Upside
+136.49%
Maxim initiated coverage of Draganfly with a Buy rating and $7 price target. The company provides a range of drone products and services to the military, first responders, and commercial enterprises, and the improving range and capacity of small drones allows an array of emerging use cases, including de-mining in conflict zones, drone swarms, surveilling wildfires, and autonomous payload delivery, the analyst tells investors in a research note. Maxim adds that it expects Draganfly revenue to grow over 100% to C$18.2M in 2025 and 50% in 2026, driven by the adoption cycle of small drones by western militaries.
