Draganfly (NASDAQ:DPRO) Stock Price Target Lowered at Needham & Company LLC

Key Points

• Needham lowered its Draganfly price target from $8 to $6 but maintained a Buy rating; the new target implies about 87% upside from the stock’s current price.
• Analysts’ average rating is Buy, with an average price target of $11.12. Draganfly shares opened at $3.21, within a 52-week range of $2.68 to $10.62.
• Draganfly reported a quarterly loss per share of $0.25, worse than analysts’ expected $0.19 loss. Separately, the company was selected to supply up to 5,000 tactical ISR drones to Canada’s armed forces.

Draganfly (NASDAQ:DPRO - Get Free Report) had its price target lowered by equities researchers at Needham & Company LLC from $8.00 to $6.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price objective suggests a potential upside of 86.92% from the company's current price.

A number of other research firms have also commented on DPRO. LADENBURG THALM/SH SH reduced their price target on Draganfly from $12.75 to $11.50 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Zacks Research upgraded Draganfly from a "strong sell" rating to a "hold" rating in a research report on Tuesday, November 3rd. Finally, Wall Street Zen lowered Draganfly from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $11.12.

Draganfly Stock Performance

Shares of NASDAQ:DPRO opened at $3.21 on Wednesday. Draganfly has a 52 week low of $2.68 and a 52 week high of $10.62. The firm has a market cap of $110.35 million, a PE ratio of -4.12 and a beta of 3.02. The firm's fifty day moving average is $4.64 and its 200-day moving average is $5.50.

Draganfly (NASDAQ:DPRO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 10th. The company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.06). The company had revenue of $2.88 million during the quarter, compared to analyst estimates of $2.69 million. Draganfly had a negative net margin of 355.34% and a negative return on equity of 26.61%. Sell-side analysts forecast that Draganfly will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Draganfly

A hedge fund recently bought a new stake in Draganfly stock. GK Wealth Management LLC purchased a new stake in shares of Draganfly Inc. (NASDAQ:DPRO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,100 shares of the company's stock, valued at approximately $55,000. Institutional investors and hedge funds own 10.39% of the company's stock.

Key Draganfly News

Here are the key news stories impacting Draganfly this week:

• Positive Sentiment: Draganfly said the Government of Canada selected it to supply up to 5,000 tactical ISR drones to the Canadian Armed Forces. It also qualified for all five streams of Canada’s Defence Drone Initiative Marketplace, strengthening its position for future procurement opportunities. Draganfly Q3 2026 results and business update
• Positive Sentiment: The company reported US$10 million in strategic investments and a cash balance of about US$128.6 million at September 30, supporting its ability to pursue defense, public-safety and commercial opportunities. It also received an FAA exemption for specified Heavy Lift drone operations. Draganfly announces third-quarter results
• Negative Sentiment: Quarterly revenue was about US$2.05 million, down 5% year over year. Gross margin fell to 6.3% from 19.5%, including a US$366,609 inventory write-down; excluding that charge, the company reported a 24.2% margin. Draganfly announces third-quarter results
• Negative Sentiment: Draganfly’s net loss widened to about US$12.8 million from US$5.2 million a year earlier, with management citing higher operating costs. A separate earnings report said its loss per share of US$0.25 missed the US$0.19-loss consensus, adding to the negative earnings reaction. Draganfly reports Q3 loss

About Draganfly

Draganfly Inc. is a Canadian drone technology company that develops and provides unmanned aerial systems, software and related services. Its solutions are designed for public safety, defense and security, agriculture, industrial inspection, mapping, surveying, environmental monitoring and delivery applications. The company's offerings include remotely piloted aircraft, autonomous drone systems, payloads, flight-control technology, data-collection tools and professional services. Draganfly also provides drone design, manufacturing, training, consulting and operational support, helping organizations collect aerial imagery and other data for analysis and decision-making.

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