Unusual Machines (UMAC) PT Raised to $30 at Needham

Needham analyst Austin Bohlig raised the price target on Unusual Machines (NYSE: UMAC) to $30.00 (from $22.00) while maintaining a Buy rating.

The analyst comments "We are reiterating our buy rating and raising our price target to $30 following our NDR with the CEO of Unusual Machines, where we walked away significantly more upbeat on the company’s positioning and outlook as demand for U.S. produced low-cost drone components continues to far exceed available supply. While investors were curious about the DoWs potential direct financial support which we continue to believe is likely, we believe the bigger takeaway from meetings was demand is clearly accelerating. We believe the recent acceleration in demand is being driven primarily by broader procurement activity across multiple military agencies and direct purchasing programs. In turn, we raised our 2H26 revenue estimates and have increased confidence in UMACs path toward a $100M revenue run-rate as early as 4Q26."

You May Also Be Interested In

• Alamos Gold Inc. (AGI:CN) (AGI) PT Lowered to Cdn$73 at BMO Capital
• RBC Capital Upgrades Sunbelt Rentals (SUNB) to Sector Perform
• Kotak Starts RR Kabel Ltd (RRKABEL:IN) at Sell (4)