Unusual Machines Inc (NYSE:UMAC) reported strong fourth-quarter results, with 130% year-on-year revenue growth, which raised confidence in “the company’s positioning as a key beneficiary of the U.S. drone supercycle,” according to Needham.
The Unusual Machines Analyst: Analyst Austin Bohlig maintained a Buy rating and price target of $20.
The Unusual Machines Thesis: The company reported its seventh straight quarter of record revenues, Bohlig said in the note.