Australia's DroneShield advances after Bell Potter upgrades to 'buy'

DroneShield

31/07/2025 03:41

** Shares of DroneShield DRO.AX rise 16.4% to A$3.69, set for their strongest trading session since July 14

** Bell Potter upgrades defense technology firm to "buy" from "hold", retains PT A$3.8

** Co on Wednesday reported Q2 revenue up 480%

** Bell Potter says co to continue strong performance

** Adds revenue secured so far this year represents about 90% of brokerage's FY forecast

** DroneShield’s strong results, high-level of contracted revenue and recent share price pull-back provides us with increased confidence in its near-term outlook - Bell Potter

** YTD, stock has gained nearly 5x in value, including day's moves

($1 = 1.5509 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))