Safe Pro Group Inc. (NASDAQ: SPAI) received an upgraded 12-month price target from $8 to $12 in an updated research report from Litchfield Hills Research, which maintained its Buy rating on the AI-powered defense and security solutions provider. The upward revision stems from reduced perceived risk following the company's recent strategic collaborations with defense industry partners.
The analysts cited Safe Pro's growing traction with defense partners, including deals with Ondas, Unusual Machines, and most notably Red Cat Holdings, as key factors in lowering their discount rate. The partnership with Red Cat involves integrating Safe Pro's AI-driven explosive detection technology into Red Cat's Black Widow drones, enhancing the platform's capabilities for defense applications.
Safe Pro Group delivers AI-enabled security and defense solutions through cutting-edge platforms like SPOTD, providing advanced situational awareness tools for defense, humanitarian, and homeland security applications globally. The company specializes in drone imagery processing using commercially available drones combined with proprietary machine learning and computer vision technology to enable rapid identification of explosives threats.
Built on a cloud-based ecosystem powered by Amazon Web Services (AWS), Safe Pro's scalable platform targets multiple markets including commercial, government, law enforcement, and humanitarian sectors. The company's technology portfolio includes Safe Pro AI software, Safe-Pro USA protective gear, and Airborne Response drone-based services that work in synergy to deliver safety and operational efficiency.
The price target increase reflects growing confidence in Safe Pro's future earnings potential as the company expands its defense partnerships and demonstrates the practical application of its AI technology in critical security scenarios. For additional information about the company, visit https://www.SafeProGroup.com.
