This drone stock is a buy and has major upside potential, Needham says

October 5, 2025

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1 min read

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CNBC

Drone technology company Red Cat is poised to grow as it expands its product offerings, particularly as defense spending rises globally, according to Needham.

Red Cat is poised to notch considerable growth as it expands its defense technology offerings, especially since domestic and international military spending is on the rise. The investment firm initiated a buy rating on Red Cat with a price target of ... [1302 chars]

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Source: CNBC

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