Jefferies sees DroneShield core sales stalling and cuts price target 14%
Jefferies cut its DroneShield price target 14% to A$1.25, saying underlying sales growth has stalled. Only A$29 million of FY27 revenue is currently committed.
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what happened
Jefferies analysts, who take a bearish view on DroneShield, lowered their price target on the company's shares by 14%, to A$1.25 each. According to Market Talk, once contract wins from earlier periods are stripped out, underlying sales have essentially run out of momentum.
"Our analysis suggests FY26 sales growth is flat at best, despite a much larger cost base," analyst William Richardson said. He noted that DroneShield has so far secured only A$29 million of revenue for FY27.
Jefferies argues that the cushion against FY27 expectations is getting thinner if sales fail to pick up. DroneShield closed Thursday at A$1.42.
why it matters
For the market, the key question is whether the company can grow sales faster than its spending. With little next-year revenue already locked in, any shortfall against expectations could weigh heavily on the valuation, so new contract announcements are worth watching closely.
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sources
- DroneShield Bear Thinks Underlying Sales Momentum Has Stalled — Market Talk, 15 October 2026 at 21:53 UTC
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