Northland Initiates Draganfly Inc. (DPRO) at Outperform, Citing Strong Demand for Intelligent Drones

We recently published an article titled 9 High Growth Canadian Stocks to Buy. In this article, we are going to take a look at where Draganfly Inc. (NASDAQ:DPRO) stands against other high growth Canadian stocks to buy.

As of January 15, analyst sentiment remains constructive about Draganfly Inc. (NASDAQ:DPRO), with Northland analyst Michael Latimore initiating coverage on the company with an Outperform rating and a $20 price target. Latimore emphasized strong global and North American demand for intelligent drone systems, noting that Draganfly’s open-architecture platforms and deep industry experience position it well for large procurement programs. He expects this demand to translate into significant growth, estimating that company revenue could more than double annually in 2026 and 2027 as programs scale.

During Draganfly’s 2025 Q3 earnings call, the company reported revenue of $2.155 million, representing a 14.4% year-over-year increase, alongside continued momentum in defense, public safety, and enterprise markets. The company strengthened its military and government positioning through new leadership appointments, a collaboration with Paladin AI, and a notable order from the U.S. Army. Draganfly Inc. (NASDAQ:DPRO) also expanded its commercial footprint through partnerships with Drone Nerds, Global Ordinance, and a Fortune 50 telecom company, broadening distribution and reinforcing its global market presence.

Operationally, Draganfly Inc. (NASDAQ:DPRO) announced the deployment of its drones integrated with Smith Myers’ ARTEMIS Mobile Phone Detection & Location System for search-and-rescue missions, beginning with SAR Sweden. Management highlighted the rapid integration and flexibility of these platforms, positioning them for a wide range of demanding operational roles across public safety and emergency response, and reinforcing the company’s focus on mission-critical, life-saving applications.

Headquartered in Saskatoon, Canada, Draganfly Inc. (NASDAQ:DPRO) is a leading developer of drone solutions and systems with more than 22 years of experience delivering advanced drones, software platforms, and AI-driven technologies.

While we acknowledge the potential of DPRO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DPRO and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.