Key Takeaways:
- Red Cat Holdings (RCAT, Financial) is on track for 77.4% annual revenue growth, fueled by new U.S. Government orders and a strategic partnership.
- Despite current unprofitability, analysts predict a significant potential upside with price targets suggesting an increase of 148.67%.
- GuruFocus estimates a potential 40.85% downside, highlighting a disparity in value assessments.
Red Cat Holdings (RCAT) is strengthening its foothold in the burgeoning drone sector with a promising 77.4% annual revenue growth forecast. Though currently unprofitable, the company is poised to expand its influence in defense and security markets, driven by substantial U.S. Government orders for their Edge 130 drones and a promising new partnership with Palladyne AI Corp.
Wall Street Analyst Projections
According to the latest one-year price targets provided by two analysts, Red Cat Holdings Inc (RCAT, Financial) has an average price target of $14.00, with the highest estimate being $15.00 and the lowest at $13.00. This average target price suggests a remarkable upside potential of 148.67% from the current trading price of $5.63. Investors can review more detailed projections by visiting the Red Cat Holdings Inc (RCAT) Forecast page.
Red Cat Holdings has garnered an average brokerage recommendation of 1.7, indicative of an "Outperform" rating by three brokerage firms. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), demonstrating a generally positive outlook from these firms.
Conversely, GuruFocus's estimates present a different perspective, forecasting a GF Value of $3.33 for Red Cat Holdings Inc (RCAT, Financial) in the coming year. This assessment implies a possible downside of 40.85% compared to the current price of $5.63. The GF Value is determined by evaluating historical trading multiples and projecting future business performance. For a thorough examination of these data points, investors are encouraged to visit the Red Cat Holdings Inc (RCAT) Summary page.
