5 Best Drone Stocks to Buy for the Next 3 Years

In this article we will list the 5 Best Drone Stocks to Buy for the Next 3 Years. Please visit 8 Best Drone Stocks to Buy for the Next 3 Years if you’d like see an extended list and how we came up with the list of best drone stocks.

5. L3Harris Technologies, Inc. (NYSE:LHX)

Number of Hedge Fund Holders: 48

L3Harris Technologies, Inc. (NYSE:LHX) is among the 8 Best Drone Stocks to Buy for the Next 3 Years. The company’s shares have surged over 22% year-to-date and are in focus as the Middle East conflict intensifies.

While talking to Yahoo Finance on March 13, Hennion & Walsh CIO Kevin Mahn mentioned that L3Harris’ missiles and missile protection were widely being used in the Iran war. He noted that the stock had a dividend yield of about 1.3% and was trading at about 30 times the forward earnings, which suggests it was neither cheap nor too expensive.

Last week, Trump met with leaders of several defense contractors, including L3Harris Technologies, Inc. (NYSE:LHX), to discuss an increase in production of what the U.S. president described as ‘Exquisite Class’ weaponry.

According to a report on CNBC this Friday, Citigroup analyst John Godyn reiterated the firm’s bullish outlook on companies that deal with mission-critical defense systems. He sees a strong long-term investing case for these stocks, which include L3Harris, Karman Holdings, and RTX Corp, even as the frequency of Iranian attacks slows down.

As of the close on March 13, LHX is a Strong Buy with an average share price upside potential of 10.49%.

L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions that connect the air, land, space, sea, and cyber domains for national security.