Northland Capital Markets initiates coverage on Safe Pro Group with Outperform rating.

Northland Capital Markets initiates coverage on Safe Pro Group with Outperform rating.

Northland Capital Markets has initiated coverage on Safe Pro Group Inc. (SPG) with an Outperform rating, setting a price target of $13 per share. Safe Pro Group is a holding company focused on security and protection solutions, with a particular emphasis on advanced artificial intelligence (AI) and machine learning (ML) technologies.

The company operates through several subsidiaries. Safe Pro AI develops AI-powered object detection and data analysis tools for processing drone imagery, while Safe-Pro USA manufactures bullet and blast-resistant personal protection equipment for military, law enforcement, and other sectors. Airborne Response Corp. provides aerial platform-based technology services, predominantly using small unmanned aircraft systems (UAS).

Northland's analyst noted that Safe Pro Group's unique combination of AI/ML technologies and physical protection solutions positions it well in the growing security market. The Outperform rating reflects the analyst's view that Safe Pro Group's innovative approach to security solutions will drive growth and profitability .

For investors, this coverage signals a potential opportunity in the burgeoning AI and security sectors. However, it is essential to conduct thorough due diligence before making investment decisions.

References:
https://www.marketscreener.com/news/northland-initiates-safe-pro-group-at-outperform-with-13-price-target-ce7d59dfd08bf12c