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Droneshield (ASX: DRO) Broker Ratings
Equity Espresso
April 15, 2025 • Estimated Reading Time: 2 minutes
Droneshield (ASX: DRO) Broker Ratings
Date | Broker | Rating | Price Target |
|---|---|---|---|
15/04/2025 | Shaw & Partners | Buy | $1.20 |
15/04/2025 | Bell Potter | Buy | $1.30 |
Shaw and Partners has lifted its target price for DroneShield to $1.20 from $0.90, maintaining a Buy rating. This follows the announcement of five repeat defence contracts worth $32.2m from an Asia-Pacific client, indicating a shift from trials to rollouts. The broker anticipates further repeat orders and expects DroneShield to benefit from increased defence expenditure under NATO and AUKUS. Revenue forecasts for FY25-26 have been increased significantly.
Bell Potter has increased its target price for DroneShield to $1.30 from $1.10, reiterating a Buy rating. This follows DroneShield's announcement of a $32.2m multi-contract deal, boosting its 2025 revenue outlook. The broker highlights the growing demand for counter-drone technology due to rising global tensions, leading to significant upgrades in revenue and earnings per share forecasts for the coming years.
Droneshield Stock Price
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