Red Cat Shares Rise 10.2% - Still a Buy?

Analysts weigh in on the drone technology company's latest stock performance.

Mar. 11, 2026 at 9:34pm

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Shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) rose 10.2% during trading on Wednesday, reaching a high of $16.37 before closing at $16.16. Trading volume increased by 37% compared to the average daily volume. The stock has a market cap of $1.93 billion and a price-to-earnings ratio of -36.70.

Why it matters

Red Cat is a technology company that develops advanced robotics, autonomy, and sensing solutions for defense, national security, public safety, and commercial customers. The stock's recent surge has prompted analysts to re-evaluate their recommendations on the company.

The details

Several research analysts have recently weighed in on Red Cat's stock. Weiss Ratings reissued a "sell (d-)" rating, while Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 target price. LADENBURG THALMANN/SH SH lifted their target price from $15.00 to $20.00 and gave the stock a "buy" rating. Northland Securities set a $22.00 price target on the stock.

  • Red Cat shares were up 10.2% during trading on Wednesday, March 11, 2026.

The players

Red Cat Holdings, Inc.

A technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers.

Weiss Ratings

A research firm that reissued a "sell (d-)" rating on Red Cat's stock.

Needham & Company LLC

A research firm that reaffirmed a "buy" rating and set a $16.00 target price on Red Cat's stock.

LADENBURG THALMANN/SH SH

A research firm that lifted its target price on Red Cat's stock from $15.00 to $20.00 and gave the stock a "buy" rating.

Northland Securities

A research firm that set a $22.00 price target on Red Cat's stock.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.