Needham Reiterates Rating on Unusual Machines, Inc. $UMAC
Key Points
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Needham reiterated its rating on Unusual Machines, Inc. ($UMAC) to a "buy" rating in a recent research note and set a price target of $30, a 21.31% upside from the current price.
Unusual Machines, Inc. Stock Up 3.1%
Shares of Unusual Machines, Inc. ($UMAC) traded around $24.73 on Saturday, up 3.1% for the day.
Unusual Machines, Inc. Earnings
Analysts Set New Price Targets
About Unusual Machines, Inc.
Unusual Machines, Inc. engages in the commercial drone industry. The company offers small drones and essential components. It distributes their products through B2B sale, e-commerce site, and retail channel. The company has a strategic collaboration with Lantronix Inc. for the development of autonomous drone components integrating edge AI compute with flight control systems. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. Unusual Machines, Inc. was incorporated in 2019 and is headquartered in Orlando, Florida.
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