0451 GMT - Droneshield's latest contract announcement gives the defense tech provider's bull at Bell Potter confidence that a lull in customer activity is ending. Analyst Daniel Laing writes in a note that activity appears to be increasing following a pause linked to last year's U.S. election. He points out that Droneshield's latest package of five standalone repeat contracts means it has at least A$84 million in contracted revenue for delivery in 2025, compared with A$57 million in 2024 revenue. He sees Droneshield benefiting from macro tailwinds, not least the Trump administration's prioritization of drones. Bell Potter keeps a buy rating on the stock and raises its target price 18% to A$1.30. Shares are up 11% at A$1.1475. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 00:51 ET (04:51 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.