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Red Cat Soars: $17 Target Amid UAS Supercycle

10/6/2025

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Summary

Story summary

Needham starts Red Cat Buy rating with a $17 target, ~32% above $12.89.
Analyst Austin Bohlig sees unmanned aerial systems (UAS) in a multi-year supercycle.
Red Cat expands into unmanned surface vehicles; $2.5B by 2034.
U.S. Army SRR2 contract could yield $200 million over two years; shares rose nearly 12% Friday; 292% year over year.

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Story summary

Needham starts Red Cat Buy rating with a $17 target, ~32% above $12.89.
Analyst Austin Bohlig sees unmanned aerial systems (UAS) in a multi-year supercycle.
Red Cat expands into unmanned surface vehicles; $2.5B by 2034.
U.S. Army SRR2 contract could yield $200 million over two years; shares rose nearly 12% Friday; 292% year over year.