This drone stock has surged over the past year. Roth Capital says it can rally another 70%

Roth Capital Partners said Red Cat Holdings likely has more upside as the U.S. increases investment in drones and related defense technologies. The call is supportive for the company’s growth outlook, but the article contains no new financial results, guidance, or contract details. Impact is likely limited to stock-specific sentiment rather than a broader market move.

Analysis

Roth Capital Partners said Red Cat Holdings likely has more upside as the U.S. increases investment in drones and related defense technologies. The call is supportive for the company’s growth outlook, but the article contains no new financial results, guidance, or contract details. Impact is likely limited to stock-specific sentiment rather than a broader market move.