0016 GMT - Shaw and Partners senior analyst Abraham Akra is feeling more upbeat on anti-drone company DroneShield after it received a repeat order from a U.S. government customer for its dismounted Counter-UxS systems. Akra says DroneShield's 2H revenue is now "de-risked" and that the order brings DroneShield closer to reaching the 2H revenue consensus expected by analysts. Looking ahead, Akra notes there is optimism that anti-drone legislation will pass in the U.S. Congress, increasing the size of the U.S. market for DroneShield, while conflicts in Ukraine and the Middle East are bringing a focus on anti-drone technology. Akra has a buy rating on DroneShield with a target price of A$1.30/share, roughly in line with recent trading at A$1.32/share, though he notes the stock is considered high risk. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
October 08, 2024 20:16 ET (00:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。