Draganfly (DPRO) Stock Forecast, Price Target & Predictions
DPRO Stock Forecast
Draganfly stock forecast is as follows: an average price target of $7.00 (represents a 182.26% upside from DPRO’s last price of $2.48) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
DPRO Price Target
The average price target for Draganfly (DPRO) is $7.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $7.00. This represents a potential 182.26% upside from DPRO's last price of $2.48.
DPRO Analyst Ratings
According to 2 Wall Street analysts, Draganfly's rating consensus is 'Buy'. The analyst rating breakdown for DPRO stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Draganfly Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 06, 2024 | Scott Buck | H.C. Wainwright | $7.00 | $2.31 | 203.03% | 182.26% |
| Feb 01, 2023 | - | H.C. Wainwright | $3.50 | $2.17 | 61.29% | 41.13% |
The latest Draganfly stock forecast, released on Sep 06, 2024 by Scott Buck from H.C. Wainwright, set a price target of $7.00, which represents a 203.03% increase from the stock price at the time of the forecast ($2.31), and a 182.26% increase from DPRO last price ($2.48).
Draganfly Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 1 |
| Avg Price Target | $7.00 | $7.00 | $7.00 |
| Last Closing Price | $2.48 | $2.48 | $2.48 |
| Upside/Downside | 182.26% | 182.26% | 182.26% |
In the current month, the average price target of Draganfly stock is $7.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 182.26% increase as opposed to Draganfly's last price of $2.48. This month's average price target is down 0.00% compared to last quarter, and down 0.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 06, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Aug 14, 2024 | H.C. Wainwright | Buy | Buy | Hold |
| Feb 01, 2023 | Citigroup | Buy | Buy | Hold |
Draganfly's last stock rating was published by H.C. Wainwright on Sep 06, 2024. The company gave DPRO a "Buy" rating, the same as its previous rate.
Draganfly Financial Forecast
Draganfly Revenue Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | $1.60M | $1.31M | $1.88M | $1.64M | $1.90M |
| Avg Forecast | $2.10M | $1.55M | $2.07M | $1.70M | $2.41M | $2.10M | $1.51M | $1.64M | $1.79M | $1.93M | $1.70M | $1.73M |
| High Forecast | $2.10M | $1.55M | $2.07M | $1.70M | $2.41M | $2.10M | $1.51M | $1.64M | $1.79M | $1.93M | $1.70M | $1.73M |
| Low Forecast | $2.10M | $1.55M | $2.07M | $1.70M | $2.41M | $2.10M | $1.51M | $1.64M | $1.79M | $1.93M | $1.70M | $1.73M |
| # Analysts | - | 1 | - | - | 1 | - | - | - | - | - | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | 0.98% | 0.74% | 0.97% | 0.96% | 1.09% |
Draganfly's average Quarter revenue forecast for Jun 23 based on 0 analysts is $1.51M, with a low forecast of $1.51M, and a high forecast of $1.51M. DPRO's average Quarter revenue forecast represents a -5.87% decrease compared to the company's last Quarter revenue of $1.60M (Mar 23).
Draganfly EBITDA Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | 1 | - | - | 1 | - | - | - | - | - | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | $-6.76M | $-908.82K | $-7.34M | $12.82M | $24.07M |
| Avg Forecast | $-2.10M | $-1.55M | $-2.07M | $-1.70M | $-2.41M | $-2.10M | $-1.51M | $-1.64M | $-1.79M | $-1.93M | $-1.46M | $-1.49M |
| High Forecast | $-2.10M | $-1.55M | $-2.07M | $-1.70M | $-2.41M | $-2.10M | $-1.51M | $-1.64M | $-1.79M | $-1.93M | $-1.46M | $-1.49M |
| Low Forecast | $-2.10M | $-1.55M | $-2.07M | $-1.70M | $-2.41M | $-2.10M | $-1.51M | $-1.64M | $-1.79M | $-1.93M | $-1.46M | $-1.49M |
| Surprise % | - | - | - | - | - | - | - | 4.12% | 0.51% | 3.81% | -8.77% | -16.14% |
0 analysts predict DPRO's average Quarter EBITDA for Sep 22 to be $-1.93M, with a high of $-1.93M and a low of $-1.93M. This is -115.05% lower than Draganfly's previous annual EBITDA (Dec 21) of $12.82M.
Draganfly Net Income Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | 1 | - | - | 1 | - | - | - | - | - | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | $-7.31M | $-31.76M | $-5.35M | $12.90M | $23.84M |
| Avg Forecast | $-67.30M | $-97.38M | $-123.56M | $-141.56M | $-206.09M | $-264.12M | $-247.14M | $-282.64M | $-245.12M | $-279.95M | $-3.07M | $-11.29M |
| High Forecast | $-67.30M | $-97.38M | $-123.56M | $-141.56M | $-206.09M | $-264.12M | $-247.14M | $-282.64M | $-245.12M | $-279.95M | $-3.07M | $-11.29M |
| Low Forecast | $-67.30M | $-97.38M | $-123.56M | $-141.56M | $-206.09M | $-264.12M | $-247.14M | $-282.64M | $-245.12M | $-279.95M | $-3.07M | $-11.29M |
| Surprise % | - | - | - | - | - | - | - | 0.03% | 0.13% | 0.02% | -4.21% | -2.11% |
Draganfly's average Quarter net income forecast for Sep 22 is $-279.95M, with a range of $-279.95M to $-279.95M. DPRO's average Quarter net income forecast represents a -2269.71% decrease compared to the company's last Quarter net income of $12.90M (Dec 21).
Draganfly SG&A Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | 1 | - | - | 1 | - | - | - | - | - | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | $6.55M | $6.79M | $6.83M | $5.43M | $7.79M |
| Avg Forecast | $6.42M | $4.75M | $6.34M | $5.20M | $7.39M | $6.42M | $4.61M | $5.02M | $5.46M | $5.90M | $4.38M | $4.47M |
| High Forecast | $6.42M | $4.75M | $6.34M | $5.20M | $7.39M | $6.42M | $4.61M | $5.02M | $5.46M | $5.90M | $4.38M | $4.47M |
| Low Forecast | $6.42M | $4.75M | $6.34M | $5.20M | $7.39M | $6.42M | $4.61M | $5.02M | $5.46M | $5.90M | $4.38M | $4.47M |
| Surprise % | - | - | - | - | - | - | - | 1.31% | 1.24% | 1.16% | 1.24% | 1.74% |
Draganfly's average Quarter SG&A projection for Jun 23 is $4.61M, based on 0 Wall Street analysts, with a range of $4.61M to $4.61M. The forecast indicates a -29.56% fall compared to DPRO last annual SG&A of $6.55M (Mar 23).
Draganfly EPS Forecast
| Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | 1 | - | - | 1 | - | - | - | - | - | 1 | 1 |
| EPS | - | - | - | - | - | - | - | $-0.21 | - | $-0.16 | $0.43 | $0.79 |
| Avg Forecast | $-0.95 | $-1.38 | $-1.75 | $-2.00 | $-2.92 | $-3.74 | $-3.50 | $-4.00 | $-3.47 | $-3.96 | $-0.07 | $-0.26 |
| High Forecast | $-0.95 | $-1.38 | $-1.75 | $-2.00 | $-2.92 | $-3.74 | $-3.50 | $-4.00 | $-3.47 | $-3.96 | $-0.07 | $-0.26 |
| Low Forecast | $-0.95 | $-1.38 | $-1.75 | $-2.00 | $-2.92 | $-3.74 | $-3.50 | $-4.00 | $-3.47 | $-3.96 | $-0.07 | $-0.26 |
| Surprise % | - | - | - | - | - | - | - | 0.05% | - | 0.04% | -6.10% | -3.04% |
According to 0 Wall Street analysts, Draganfly's projected average Quarter EPS for Sep 22 is $-3.96, with a low estimate of $-3.96 and a high estimate of $-3.96. This represents a -1021.45% decrease compared to DPRO previous annual EPS of $0.43 (Dec 21).
Draganfly Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LLAP | Terran Orbital | $0.25 | $6.50 | 2500.00% | Buy |
| LILM | Lilium | $0.85 | $3.50 | 311.76% | Buy |
| EVTL | Vertical Aerospace | $0.81 | $2.38 | 193.83% | Buy |
| DPRO | Draganfly | $2.48 | $7.00 | 182.26% | Buy |
| EVEX | Eve | $2.89 | $6.75 | 133.56% | Buy |
| ACHR | Archer Aviation | $3.13 | $5.75 | 83.71% | Buy |
| EH | EHang | $12.34 | $21.75 | 76.26% | Buy |
| KTOS | Kratos Defense & Security Solutions | $22.43 | $27.50 | 22.60% | Buy |
| LHX | L3Harris | $229.71 | $245.80 | 7.00% | Buy |
| RKLB | Rocket Lab USA | $7.17 | $7.31 | 1.95% | Buy |
| HEI | HEICO | $261.82 | $243.80 | -6.88% | Buy |
| AXON | Axon Enterprise | $382.57 | $334.17 | -12.65% | Buy |
DPRO Forecast FAQ
Is Draganfly a good buy?
Yes, according to 2 Wall Street analysts, Draganfly (DPRO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of DPRO's total ratings.
What is DPRO's price target?
Draganfly (DPRO) average price target is $7 with a range of $7 to $7, implying a 182.26% from its last price of $2.48. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Draganfly stock go up soon?
According to Wall Street analysts' prediction for DPRO stock, the company can go up by 182.26% (from the last price of $2.48 to the average price target of $7), up by 182.26% based on the highest stock price target, and up by 182.26% based on the lowest stock price target.
Can Draganfly stock reach $4?
DPRO's average twelve months analyst stock price target of $7 supports the claim that Draganfly can reach $4 in the near future.
What is Draganfly's current price target trend?
1 Wall Street analyst forecast a $7 price target for Draganfly (DPRO) this month, up 182.26% from its last price of $2.48. Compared to the last 3 and 12 months, the average price target increased by 182.26% and increased by 182.26%, respectively.
What are Draganfly's analysts' financial forecasts?
Draganfly's analysts financial forecasts for the fiscal year (Dec 2023) are as follows: average revenue is $7.66M (high $7.66M, low $7.66M), average EBITDA is $-7.658M (high $-7.658M, low $-7.658M), average net income is $-1B (high $-1B, low $-1B), average SG&A $23.44M (high $23.44M, low $23.44M), and average EPS is $-14.153 (high $-14.153, low $-14.153). DPRO's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $7.42M (high $7.42M, low $7.42M), average EBITDA is $-7.418M (high $-7.418M, low $-7.418M), average net income is $-430M (high $-430M, low $-430M), average SG&A $22.7M (high $22.7M, low $22.7M), and average EPS is $-6.083 (high $-6.083, low $-6.083).
Did the DPRO's actual financial results beat the analysts' financial forecasts?
Based on Draganfly's last annual report (Dec 2022), the company's revenue was $7.61M, beating the average analysts forecast of $3.71M by 104.72%. Apple's EBITDA was $-25.379M, beating the average prediction of $-3.715M by 583.16%. The company's net income was $-29.157M, missing the average estimation of $-525M by -94.45%. Apple's SG&A was $26.28M, beating the average forecast of $11.37M by 131.11%. Lastly, the company's EPS was $-0.87, missing the average prediction of $-7.431 by -88.29%. In terms of the last quarterly report (Mar 2023), Draganfly's revenue was $1.6M, missing the average analysts' forecast of $1.64M by -2.30%. The company's EBITDA was $-6.76M, beating the average prediction of $-1.639M by 312.40%. Draganfly's net income was $-7.308M, missing the average estimation of $-283M by -97.41%. The company's SG&A was $6.55M, beating the average forecast of $5.02M by 30.55%. Lastly, the company's EPS was $-0.21, missing the average prediction of $-4 by -94.75%