Piper Sandler Cuts Price Targets on Red Cat and York Space Systems
Piper Sandler lowered its price target on Red Cat Holdings to $6 and on York Space Systems to $8, keeping Neutral ratings on both stocks.
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what happened
Piper Sandler analysts cut their price target on Red Cat Holdings to $6 from $9 while keeping a Neutral rating, according to Dow Jones Newswires. The same day, the bank reduced its target on York Space Systems to $8 from $9 and also kept a Neutral rating. Both updates were reported around 16:54 and 16:57 GMT on October 23, 2026.
why it matters
Adjustments like these usually concern individual stocks and have little effect on the broader market. For investors in drone and space systems companies, they signal a more cautious valuation from the broker while its view on both shares stays unchanged.
tags
instruments
sources
- Red Cat Holdings Price Target Cut to $6.00/Share From $9.00 by Piper Sandler — Dow Jones Newswires, 23 October 2026 at 16:54 UTC
- York Space Systems Price Target Cut to $8.00/Share From $9.00 by Piper Sandler — Dow Jones Newswires, 23 October 2026 at 16:57 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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