Why the DroneShield share price could be undervalued
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It is fair to say that the DroneShield Ltd (ASX: DRO) share price has been on fire over the past 12 months.
During this time, the counter-drone technology company’s shares have risen an incredible 575%.
But what is more incredible is that one leading broker believes that the DroneShield share price could still be undervalued despite this strong rise.
What is the broker saying?
Firstly, let’s take a look at what Bell Potter is saying about the company’s fourth quarter and full year update.
The broker was pleased with DroneShield’s performance during FY 2025, noting that its revenue was ahead of expectations. And while its costs were higher than it was forecasting, it feels that this is a one-off. It said:
DRO…
