On January 5, 2026, Draganfly (DPRO) was upgraded by Zacks Investment Research from a Rank #3 (Hold) to a Rank #2 (Buy), reflecting growing confidence in the company’s contract pipeline and product deployment schedule. The upgrade follows two consecutive quarters of order bookings exceeding management’s targets, including a December award for a multi-year public safety drone contract valued at approximately $4.2 million. This marks the first time in over nine months that Draganfly has held a Buy ranking, signaling a potential inflection point for the stock among institutional investors.

Analysts have responded quickly to the Zacks upgrade, raising full-year revenue estimates by an average of 15% to $32.5 million, up from $28.3 million previously. The consensus outlook now projects breakeven adjusted EBITDA by Q3 2026, driven by anticipated margin expansion from new autonomous inspection platforms. Key catalysts include planned launches of two AI-powered drone models slated for the second quarter, plus a pilot program with a major U.S. utility expected to commence in April, which could generate up to $1.8 million in recurring annual revenue if scaled to full deployment.