HC Wainwright & Co. Reiterates Buy on Draganfly, Maintains $2.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck has reiterated a Buy rating on Draganfly (NASDAQ:DPRO) and maintained a price target of $2.5. This reaffirmation of the company's stock rating and price target suggests continued confidence in Draganfly's potential.
November 17, 2023 | 11:12 am
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POSITIVE IMPACT
Draganfly's Buy rating and $2.5 price target have been reiterated by HC Wainwright & Co., indicating a positive outlook on the stock's future performance.
The reiteration of a Buy rating and the maintenance of a price target by a reputable analyst typically instills confidence in investors and can lead to a positive short-term impact on the stock price. Given that the price target is maintained and not lowered, it suggests that the analyst sees continued or reinforced potential in Draganfly's stock, which could encourage investment and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100