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Broker Upgrades DroneShield Shares
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Overview
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DroneShield Ltd's shares, previously downgraded, have been upgraded by Bell Potter to a buy rating with a 46% potential upside, citing the company's profitability, global defense spending trends, and AI/ML technology relevance. The company's substantial sales pipeline values at $388m for CY24 and $510m in total.
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How might the upgraded rating impact investor confidence in DroneShield and the broader drone technology sector?
In what ways could the integration of AI/ML technologies enhance DroneShield's competitive edge in the counter drone market?
What specific defense expenditure trends globally could further boost DroneShield's market position?
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