Bell Potter raises PT for Australia's Droneshield on robust growth outlook

DroneShield

21/10/2025 05:10

** Analysts at Bell Potter raise price target for Australia's DroneShield DRO.AX to A$5.30 from A$3.70; retains 'buy' rating

** Shares rise as much as 13.9% to A$5.09, their biggest intraday percent gain since October 1

** Droneshield on Monday reported Q3 revenue of A$92.9 million ($60.37 million) vs A$7.8 million in the corresponding period in FY24

** Bell Potter says the defence tech firm has the market-leading counter-drone offering and a bolstering competitive advantage due to its years of experience and large R&D team

** Adds, Droneshield should secure a significant share of deals from its potential sales pipeline worth A$2.55 billion over the next 3-6 months as defence budgets roll over to FY26

** YTD, DRO up 541.5%

($1 = 1.5389 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))