Following the release of our FY21 Half-Year Results last week, equities research group PAC Partners released its latest analysis on Orbital UAV. The report, compiled by Senior Analyst Heath Andrews, provides a Buy recommendation with a 12-month price target of $1.45/share.
In his Investment View, Andrews writes: “OEC has the potential to be a +$200m revenue company in around five years-time, assuming what is in front of it converts to production contracts. Considering we are forecasting $35m revenue for FY21, this is an uplift of nearly 5x.
Access the full report here