Needham Reiterates Rating on Unusual Machines, Inc. $UMAC
Key Points
- Needham now rates Unusual Machines, Inc. ($UMAC) "buy" with a $30.00 target.
- The Street's average $UMAC price target is $30.83 (Strong Buy).
- $UMAC last traded around $25.75.
Needham reiterated its rating on Unusual Machines, Inc. ($UMAC) to a "buy" rating, with a price target of $30.00 in a recent research note.
Unusual Machines, Inc. ($UMAC) Stock
Unusual Machines, Inc. Earnings
Analysts Set New Price Targets
About Unusual Machines, Inc.
Unusual Machines, Inc. engages in the commercial drone industry. The company offers small drones and essential components. It distributes their products through B2B sale, e-commerce site, and retail channel. The company has a strategic collaboration with Lantronix Inc. for the development of autonomous drone components integrating edge AI compute with flight control systems. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. Unusual Machines, Inc. was incorporated in 2019 and is headquartered in Orlando, Florida.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.