Canaccord sets AUD 2.60 target for DroneShield stock

Published on 10/20/2026 at 19:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

DroneShield booked AUD 261 million in committed FY2026 revenue on October 12. DroneShield stock costs EUR 0.93 on October 20, 2026 at 7:40 p.m. CEST.

Canaccord target and revenue visibility

Canaccord Genuity set an AUD 2.60 target on October 16, 2026.
Committed fiscal 2026 revenue reached AUD 261.00 million on October 12, 2026.
DroneShield stock costs EUR 0.93 at Lang & Schwarz on October 20, 2026 at 7:40 p.m. CEST.
First-half 2026 revenue was AUD 125.80 million, up 74.00 percent year over year.

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.

Canaccord Genuity maintained a Buy rating on DroneShield and set an AUD 2.60 12-month price target on October 16, 2026, according to TipRanks. Against the AUD 1.49 ASX price available for October 20, 2026, that target is 74.50 percent above the stock. DroneShield was trading at EUR 0.93 at Lang & Schwarz on October 20, 2026 at 7:40 p.m. CEST.

Committed revenue reaches AUD 261 million

DroneShield reported AUD 261.00 million in committed fiscal 2026 revenue as of October 12, 2026, equal to the midpoint of its AUD 250.00 million to AUD 270.00 million outlook. The figure was 35.00 percent above the comparable October 2025 level and represented 121.00 percent of fiscal 2025 recognized revenue, according to investorpa.

Visibility extends beyond the current fiscal year. The company cited AUD 29.00 million in committed fiscal 2027 revenue and AUD 17.00 million for fiscal 2028 and later periods in the same update.

Revenue growth meets margin pressure

DroneShield generated AUD 125.80 million of revenue in the first half of 2026, up 74.00 percent from the first half of 2025. Recurring revenue rose 229.00 percent to AUD 11.50 million, while gross margin fell to 60.00 percent from 65.30 percent and underlying EBITDA was negative AUD 12.40 million, according to Quartr.

Price position and valuation

On the ASX, DroneShield last traded at AUD 1.49 on October 20, 2026 at 4:10 p.m. AEDT, with a 52-week range of AUD 1.42 to AUD 5.09. The share price was 70.73 percent below its 52-week high, while the company had a market capitalization of AUD 1.4 billion and a negative price-to-earnings ratio of 44.21.

The current figures leave two investor questions closely linked. Committed revenue has reached the midpoint of the full-year outlook, but first-half gross margin declined by 5.30 percentage points and underlying EBITDA moved from positive AUD 8.00 million in the first half of 2025 to negative AUD 12.40 million in the first half of 2026. The revenue pipeline therefore needs to convert into recognized sales while the product and subscription mix develops.

Stock price and investor perspective

Canaccord Genuity's AUD 2.60 target is materially above the ASX price of AUD 1.49, but the first-half margin comparison shows why execution remains central to the valuation. The next visible operating markers are committed revenue conversion, recurring subscriptions and delivery of newer counter-drone products.

DroneShield was trading at EUR 0.93 at Lang & Schwarz on October 20, 2026 at 7:40 p.m. CEST.

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