What is your prediction of dpro stock? It is going up?


Aime
Draganfly's stock (DPRO) is expected to increase in value. Here's the analysis to support this prediction:
- Analyst Consensus and Price Target: The consensus rating for DPRO is a "Strong Buy" as of July 5, 2024, with a price target of $1.001. This suggests that analysts are optimistic about the stock's future performance.
DPRO Low Price Target, Closing Price
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- Stock Forecast and Price Prediction: The stock forecast for Draganfly Inc. is positive, with a predicted price increase of 1.21% to reach $0.313047 by May 19, 20242. This short-term forecast indicates an upward trend.
- Long-term Predictions: Looking further ahead, the average yearly growth of Draganfly Inc. stock over the past 10 years suggests a downward trend. However, the forecast for 2025 is $0.258359, which, if achieved, would represent a significant increase from the current price2.
- Revenue Growth: The company's revenue is forecast to increase significantly, with a growth rate of 68.68% expected to beat the industry average3. This suggests that the company's financial performance could drive the stock price up.
- Technical Indicators: The Fear & Greed Index is at 39 (Fear), indicating a sentiment of neutrality but leaning towards fear2. This could suggest that the stock is undervalued, as fear often precedes a potential price increase.
- Market Position: Draganfly operates in the aerospace and defense industry, which has a strong growth potential. The company's innovative products and services in areas such as public safety and agriculture could position it well for future growth4.
In conclusion, while there are some caveats in the long-term predictions, the analyst consensus, short-term forecasts, and the company's growth prospects all point towards an upward trend for DPRO stock.
Source:
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DPRO Closing Price, Analyst Consensus Rating, Analyst Consensus Price Target
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