Stock Track | DroneShield Plummets 7.54% Intraday After Jefferies Slashes Forecasts and Price Target

Stock Track
Jul 17

DRONESHIELD LTD (DRO.AU) saw its stock price plummet 7.54% during intraday trading on Friday, following a negative analyst note from investment firm Jefferies.

The sharp decline came after Jefferies cut its revenue forecast for DroneShield from fiscal year 2026 to fiscal year 2028 by approximately 9% and reduced its earnings-per-share estimates by 5% to 16%. The firm cited a lack of material contract wins and a narrowing delivery window for the downward revisions. Jefferies also expressed caution regarding the timing and near-term earnings impact of the company's European opportunities, noting that even if awarded, any program would likely be released through a series of smaller orders.

Reinforcing a bearish view, Jefferies maintained its underperform rating on DroneShield and significantly reduced its price target to AU$2.05 per share from AU$2.80. The firm stated that the stock is implied to be trading at a material premium compared to sector peers, suggesting it is overvalued at current levels.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10