Increase Price Target - DroneShield (DRO)
*** GENERAL AVICE ONLY***
15th April 2024
Recommendation Date: 22/03/2024
Description: DroneShield (DRO) provides Artificial Intelligence based platforms for protection against advanced threats such as drones and autonomous systems. They offer customers bespoke counterdrone & electronic warfare solutions and off-the-shelf products designed to suit a variety of terrestrial, maritime or airborne platforms. Customers include military, intelligence community, Government, law enforcement, critical infrastructure, and airports.
Recommendation
Buy DRO
Entry price: 72c
Target Price: 1.05c (+45%)
Stop Loss: 75c Use a 15% trailing stop
Rationale:
With the unrest in the middle east and the stellar results delivered in Droneshields quarterly results today, we are increasing the price target accordingly
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.