DroneShield Upgraded Amid Growth Prospects

DroneShield Ltd (ASX: DRO) shares, previously downgraded, have been upgraded by Bell Potter to a buy rating with a 90 cents price target, reflecting a 46% potential upside. The company is recognized for its profitable growth potential in the realm of counter drone technology, driven by rising global defense spending and the integration of AI/ML technology. Bell Potter's optimistic assessment is fueled by DroneShield's robust sales pipeline valued at $388m for CY24 and $510m in total.