Safe Pro Group Inc. (NASDAQ: SPAI), a developer of AI-powered drone imagery solutions for defense and security applications, has been initiated with a Buy rating and an $8 price target by Litchfield Hills Research. Analyst Theodore R. O’Neill emphasized the company's patented mine detection technology, proven effective in Ukraine, as a modern solution to traditional demining methods. The SpotlightAI(TM) platform, capable of detecting threats in under 0.2 seconds, has processed over 1.6 million drone images, showcasing its efficiency and scalability.
The company's diverse operating units, including Safe Pro AI, Airborne Response, and Safe-Pro USA, cater to a wide range of customers from Florida Power & Light to humanitarian organizations in Ukraine. With the recent passage of the One Big Beautiful Bill Act, allocating $33 billion to AI and drone technologies, SPAI is poised for significant growth. Forecasted revenue of $12.5 million by 2026 and projected breakeven by year-end present a compelling investment opportunity, especially considering the company's current undervaluation compared to peers.
O’Neill's $8 target is based on a discounted earnings model, reflecting anticipated revenue growth supported by strong insider ownership and a unique technological advantage. The increasing demand for autonomous surveillance and threat detection tools positions SPAI favorably in both government and commercial markets. For more details, the full report can be accessed here.
