Roth Capital initiated coverage of drone manufacturer Red Cat Holdings (NASDAQ: RCAT) on June 1, 2026.
The firm issued a Buy rating with a $25.00 price target. This target represents a potential upside of more than 70%. The stock recently traded at approximately $14.50 per share.
Analysts project breakout growth driven by an expanding drone portfolio and high market demand. Roth reports that production capacity can support revenue exceeding current 2026 guidance. The company's 2026 revenue guidance ranges from $150 million to $180 million.
H.C. Wainwright also recently initiated coverage with a Buy rating.