Red Cat Stock Gets Bullish Analyst Call As Drone Supercycle Takes Off
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.The Red Cat Holdings Thesis: The company's biggest near-term opportunity is the U.S. Army's Short Range Reconnaissance Tranche 2 (SRR2) program, Bohligsaid in ...