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Analysts Offer Insights on Industrial Goods Companies: Draganfly (DPRO) and Karman Holdings Inc. (KRMN)

Tipranks - Fri Mar 27, 7:12AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Draganfly (DPRO) and Karman Holdings Inc. (KRMN) with bullish sentiments.

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Draganfly (DPRO)

Maxim Group analyst Matthew Galinko maintained a Buy rating on Draganfly yesterday and set a price target of $10.00. The company’s shares closed last Wednesday at $4.95, close to its 52-week low of $1.55.

According to TipRanks.com, Galinko is a 5-star analyst with an average return of 14.9% and a 36.7% success rate. Galinko covers the Technology sector, focusing on stocks such as WISeKey International Holding, Intchains Group Ltd. ADR, and Unusual Machines Inc. ;'>

Draganfly has an analyst consensus of Strong Buy, with a price target consensus of $13.00, a 126.5% upside from current levels. In a report released yesterday, Needham also reiterated a Buy rating on the stock with a $12.00 price target.

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Karman Holdings Inc. (KRMN)

Truist Financial analyst Michael Ciarmoli maintained a Buy rating on Karman Holdings Inc. today and set a price target of $118.00. The company’s shares closed last Wednesday at $99.60.

According to TipRanks.com, Ciarmoli is a top 100 analyst with an average return of 23.9% and a 68.1% success rate. Ciarmoli covers the Industrial Goods sector, focusing on stocks such as York Space Systems, Inc., L3Harris Technologies, and AerSale Corporation. ;'>

Currently, the analyst consensus on Karman Holdings Inc. is a Strong Buy with an average price target of $115.67, implying an 11.5% upside from current levels. In a report issued on March 13, Needham also initiated coverage with a Buy rating on the stock with a $125.00 price target.

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