Needham reiterated its rating on Red Cat Holdings Inc. (RCAT:NASDAQ) after Innovation Day showcased coordinated USV-drone operations, highlighted over US$2 billion in appropriated DoW funding, and demonstrated aggressive manufacturing capacity expansion across three facilities targeting profitability by 2027.
Needham & Co. Analyst Austin Bohlig maintains a Buy rating on Red Cat Holdings Inc. (RCAT:NASDAQ) and a US$17 price target in an updated research note on October 10 after attending a day of investor meetings in Boston with the company's CFO. Find out why he sees growing interest in the sector.