Drone Volt: Invest Securities slightly raises its target

(CercleFinance.com) - Invest Securities confirms its 'neutral' rating on Drone Volt shares, with its target price raised from 0.
012 to 0.015 euros.

The analyst believes that Drone Volt is 'at a crossroads', with the success of its Drone as a Service offering and the launch in H2 24 of its Kobra drone, which has very significant commercial potential.

These 2 levers (in particular the 2nd) are potential game changers, but for this to happen, the company needs to secure its short-term financing requirements", explains Invest.

After the ?2.5m financing raised at the beginning of the year, and in view of the 2023 achievements presented last night, we estimate the need for additional financing at the end of 2024 at ?5.5m (vs. ?4m previously), adds the analyst, who indicates that this low financial visibility leads him to reiterate our neutral opinion.

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