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Benzinga
Benzinga
Business
Priya Nigam

Red Cat Stock Gets Bullish Analyst Call As Drone Supercycle Takes Off

Red Cat Holdings Needham United States
Military,Kamikaze,Drones,With,Aerial,Bombs,Fly,In,Front,Of

The unmanned aerial systems (UAS) industry is entering "a multi-year supercycle" and Red Cat Holdings Inc (NASDAQ:RCAT) is "uniquely positioned" to benefit from accelerating demand for defense-grade small ISR drones, according to Needham.

The Red Cat Holdings Analyst: Analyst Austin Bohlig initiated coverage with a Buy rating and a price target of $17.

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