Dragonfly Energy Holdings Corp (DFLI – Research Report), the Industrials sector company, was revisited by a Wall Street analyst on March 25. Analyst George Gianarikas from Canaccord Genuity maintained a Buy rating on the stock and has a $3.00 price target.
George Gianarikas has given his Buy rating due to a combination of factors that suggest potential growth for Dragonfly Energy Holdings Corp. The company has faced challenges with a slowly recovering RV market, which has impacted its revenue. However, Dragonfly has indicated a positive shift with expected revenue growth in the coming quarters, particularly with advancements in the RV and heavy-duty trucking markets. Additionally, management’s expectation to achieve positive EBITDA by the fourth quarter of 2025 is a promising sign.
Furthermore, Dragonfly’s recent debt restructuring and capital increase provide it with the necessary runway into 2026, assuming its operational plans are executed effectively. The company is also uniquely positioned to revolutionize battery manufacturing economics through its dry deposition technology and aims to offer solid-state energy storage solutions in the future. Despite financial challenges, the strategic moves and potential technological advancements justify the Buy rating, with an adjusted price target of $3.00 reflecting a longer recovery period.
DFLI’s price has also changed dramatically for the past six months – from $0.514 to $1.160, which is a 125.68% increase.