Red Cat Stock Could Fly On Pentagon's Biggest-Ever Drone Bet, Evercore Says
Evercore ISI initiates coverage on Red Cat Holdings with an Outperform and a $15 price target.
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Why It Matters
A big investment bank thinks Red Cat, a drone company, could do really well because the Pentagon is spending lots of money on drones. When experts believe in a company's future, it's worth paying attention to what they say about it.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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