BUZZ-Drone firm Red Cat soars over 20% after bullish Wall Street reports

Reuters

Oct 03

BUZZ-Drone firm <a href="https://laohu8.com/S/RCAT">Red Cat</a> soars over 20% after bullish Wall Street reports

** Shares of Red Cat Holdings RCAT.O up 22.4% at $14.11, a nearly 9-mth high, early Fri after two brokerages issue bullish reports

** RCAT shares rising for 5th straight day, tracking ~36% weekly gain

** Needham initiates coverage of drone tech firm at 'buy' with PT of $17, implying ~48% upside to stock's last close

** Also, Northland Capital Markets boosts its PT by $2 to $18

** RCAT benefiting from increased demand for small autonomous mobile systems, such as drones and unmanned surface vessels $(USV)$, Northland says, adding the Ukraine war has prompted the U.S. Government and militaries globally to accelerate purchases

** The San Juan, Puerto Rico-headquartered firm's RCAT has about $1.7 bln current market cap, per LSEG data

** With move on Fri, RCAT shares up ~8% YTD. The stock closed at $3.29 a year ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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The stock closed at $3.29 a year ago</p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251003:nL6N3VK0KH:1","article_id":"2572317685","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572317685","pubTimestamp":1759501925,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Drone firm Red Cat soars over 20% after bullish Wall Street reports** Shares of Red Cat Holdings RCAT.O up 22.4% at $14.11, a nearly 9-mth high, early Fri after two brokerages issue bullish reports** RCAT shares rising for 5th straight day, tracking ~36% weekly gain** Needham initiates coverage of drone tech firm at 'buy' with PT of $17, implying ~48% upside to stock's last close** Also, Northland Capital Markets boosts its PT by $2 to $18** RCAT benefiting from increased demand for small autonomous mobile systems, such as drones and unmanned surface vessels , Northland says, adding the Ukraine war has prompted the U.S. Government and militaries globally to accelerate purchases** The San Juan, Puerto Rico-headquartered firm's RCAT has about $1.7 bln current market cap, per LSEG data** With move on Fri, RCAT shares up ~8% YTD. 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