Safe Pro Group Inc. (NASDAQ: SPAI), a technology company specializing in 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, which has been proven effective in Ukraine, as a modern solution to traditional demining methods. The SpotlightAI(TM) platform, capable of detecting threats in less than 0.2 seconds, has processed over 1.6 million drone images, showcasing its efficiency and scalability.
The company's diverse operations include Safe Pro AI, Airborne Response, and Safe-Pro USA, catering to a wide range of clients 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 well-positioned to benefit from increased federal funding. The company's strong intellectual property protections and growing demand from both humanitarian and military sectors further bolster its market position.
O’Neill's valuation of SPAI at $8 is based on a discounted earnings model, reflecting anticipated revenue growth and the company's unique technology moat. With 60% insider ownership and a scalable AI ecosystem, SPAI is seen as undervalued compared to its peers. The accelerating demand for autonomous surveillance and threat detection tools underscores the potential for SPAI to capture significant market share in both government and commercial sectors.
For more details on the report, visit https://ibn.fm/RhDqv.
