Reported about 11 hours ago
Northland has raised its price target for Red Cat Holdings, Inc. (NASDAQ:RCAT) from $13 to $15 while maintaining an Outperform rating. This adjustment follows the company's FY2025 financial results, which showed a revenue of $5.9 million and a 26% reduction in operating expenses year-over-year. Red Cat has also formed strategic alliances globally, indicating strong growth potential. The company reported a record backlog of $7.6 million, signaling positive outlook amidst recent government actions.
Source: YAHOO