DroneShield (ASX:DRO): What Do Analysts Expect Next?

Sonal Goyal

08 October 2026 04:48 AM AEDT

DroneShield (ASX:DRO): What Do Analysts Expect Next?

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Highlights

Consensus rating of Hold from 5 analysts: 3 Buy or equivalent, 1 Hold, 1 Sell or equivalent.
Mean price target of A$2.61 against a share price of A$1.62 on 8 October 2026, an implied upside of 61.1%.
Analyst targets range from A$1.45 to A$5.00.
Record first-half Revenue was $125.8 million, up 74% on the prior corresponding period.

DroneShield (ASX:DRO) carries a consensus analyst rating of Hold. Of the 5 analyst recommendations recorded, 3 are Buy or equivalent, 1 is Hold and 1 is Sell or equivalent. The mean price target is A$2.61, with targets ranging from A$1.45 to A$5.00, against a current share price of A$1.62 (8 October 2026). DroneShield Limited provides counter-drone detection and defeat technology to military, government and commercial customers.

Company name	DroneShield
Ticker	(ASX:DRO)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$1.62
Price date	8 October 2026
Number of analysts	5
Rating consensus	Hold
Consensus price target (mean)	A$2.61
Highest target	A$5.00
Lowest target	A$1.45
Implied upside/downside to mean target	Implied upside of 61.1%

Latest developments

DroneShield (ASX:DRO) announced its results for the six months ended 30 June 2026 (1H 2026) on 26 August 2026. Record first-half revenue was $125.8 million, up 74% on the prior corresponding period. Recurring Revenue was $11.5 million, up 229%, supported by an installed base of 4,100 software-enabled devices globally. Underlying EBITDA was a loss of $12.4 million, compared with an $8.0 million profit, reflecting planned Investment in production capacity, product development, organisational systems and management capability. The statutory loss after tax was $32.2 million, compared with a profit of $2.1 million, after individually significant items of $15 million.

Cash and term deposits were $180.0 million at 30 June 2026, compared with $210.6 million at 31 December 2025, with no debt. The non-military government and commercial segment represented 15% of first-half revenue. During the FIFA World Cup 2026, DroneShield supported seven multi-site drone detection deployments in Kansas City, where 184 detections were identified and 48 unauthorised drones were seized. The company completed the relocation to a new 3,000 square metre production Facility in early 2026.

The company reaffirmed its FY2026 revenue outlook of $250 million to $270 million and described priorities in the second half as delivering the balance of the outlook and continuing to invest in capacity, management capability and operational systems.

Risks and what to watch

The company moved to an underlying EBITDA loss of $12.4 million and a statutory loss of $32.2 million because of its planned investment, and cash fell by $30.6 million over the half. FY2026 revenue outlook of $250 million to $270 million implies delivery of much of the revenue in the second half. Revenue growth rates compare with a smaller base, and results depend on defence procurement timing and production capacity.

Next milestones

Items to watch include second-half revenue delivery against the $250 million to $270 million outlook, cash and term deposits relative to $180.0 million, recurring revenue growth, production capacity expansion, and the full-year result.

FAQs

Q: What is the consensus analyst rating for DroneShield (ASX:DRO)?

A:The consensus rating is Hold, based on 5 analyst recommendations: 3 Buy or equivalent, 1 Hold and 1 Sell or equivalent.

Q: What are the analyst price targets for DroneShield (ASX:DRO)?

A:The mean price target is A$2.61, with a highest target of A$5.00 and a lowest target of A$1.45. The share price on 8 October 2026 was A$1.62.

Q: What did DroneShield (ASX:DRO) report for 1H 2026?

A:DroneShield reported record revenue of $125.8 million, an underlying EBITDA loss of $12.4 million, a statutory loss of $32.2 million and cash of $180.0 million with no debt.

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