Canaccord sets AUD 2.60 target for DroneShield stock

Published on 10/24/2026 at 18:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Canaccord kept Buy and set an AUD 2.60 target on October 16, 2026. DroneShield stock costs EUR 0.89 on October 24, 2026.

Canaccord target and revenue

Canaccord maintained its Buy rating and set an AUD 2.60 target on October 16, 2026.
Committed fiscal 2026 revenue reached AUD 261.00 million on October 12, 2026, within the AUD 250.00 million to AUD 270.00 million outlook.
DroneShield stock costs EUR 0.89 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.

Modernes Sicherheits-Kontrollzentrum mit Glaswand, Radarmonitoren und Stadtpanorama bei Nacht — DroneShield Ltd (AU000000DRO1) betreibt ein modernes Sicherheits-Kontrollzentrum mit Glasfassade, Radarmonitoren und Nachtpanorama, Illustration mit AI erstellt.

DroneShield (AU000000DRO2) has an AUD 2.60 price target from Canaccord Genuity, which maintained its Buy rating on October 16, 2026, according to The Globe and Mail. DroneShield stock was at EUR 0.89 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.

Committed revenue reaches AUD 261.00 million

DroneShield reported committed fiscal 2026 revenue of AUD 261.00 million as of October 12, 2026, up 35.00 percent from the prior corresponding period. The figure sat inside the company's AUD 250.00 million to AUD 270.00 million outlook, rather than representing an increase to that range, finanzen.ch reported.

That committed figure is not identical to recognized revenue. In the first half of 2026, revenue was AUD 125.80 million, up 74.00 percent year over year, while the statutory loss after tax was AUD 32.20 million and gross margin fell to 60.00 percent from 65.30 percent in the first half of 2025, the report said.

Margins remain the counterweight

The operating picture therefore combines a larger order base with weaker first-half profitability. Recurring software and subscription revenue reached AUD 11.50 million in the first half of 2026, up 229.00 percent from the corresponding period, while the company had more than 4,200 software-enabled devices in the field, according to Streetwise Reports.

What comes next for valuation?

Canaccord's AUD 2.60 target stood 80.56 percent above the AUD 1.44 ASX price on October 23, 2026, using the latest quoted Australian price. That gap reflects an analyst view rather than a guaranteed return, while the lower margin keeps execution central to the valuation.

The next dated milestones include Rebecca Lowde's scheduled start as chief financial officer on November 2, 2026, a board appointment on November 24, 2026, and the next calendar-listed reporting date on February 23, 2027, finanzen.ch reported.

Euro quote and Australian listing

DroneShield develops counter-unmanned-aircraft systems using radio-frequency sensing, artificial intelligence, sensor fusion and electronic warfare for military, government and critical-infrastructure customers. The company is listed on the Australian Securities Exchange under ticker DRO.

DroneShield stock was trading at EUR 0.89 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. The latest ASX quote was AUD 1.44 on October 23, 2026, while the reported 52-week range was AUD 1.42 to AUD 4.84.

The further course of trading is shown by the continuously updated real-time quote of DroneShield stock.