Red Cat Holdings Inc is trading at $15.38 (+3.64%) on news of a new defense contract and a bullish analyst rating.
- The company announced a collaboration with Safe Pro Group to deliver a comprehensive Threat Analysis Kit for the U.S. Army, secured through a major Defense Prime Contractor.
- Separately, Roth Capital initiated coverage on the stock with a Buy rating and a $25.00 price target, citing the company's strong positioning in the defense drone market.