Droneshield Contracts Leave Bull Optimistic on Customer Activity -- Market Talk

Dow Jones
04-15

0451 GMT - Droneshield's latest contract announcement gives the defense tech provider's bull at Bell Potter confidence that a lull in customer activity is ending. Analyst Daniel Laing writes in a note that activity appears to be increasing following a pause linked to last year's U.S. election. He points out that Droneshield's latest package of five standalone repeat contracts means it has at least A$84 million in contracted revenue for delivery in 2025, compared with A$57 million in 2024 revenue. He sees Droneshield benefiting from macro tailwinds, not least the Trump administration's prioritization of drones. Bell Potter keeps a buy rating on the stock and raises its target price 18% to A$1.30. Shares are up 11% at A$1.1475. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

April 15, 2025 00:51 ET (04:51 GMT)

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